Waltham, MA (March 7, 2018) – Webster Capital has acquired Emerald Health Services (the “Company” or “Emerald”), a leading provider of travel and contract nurse staffing in the California market. This transaction represents the latest investment in Webster’s healthcare staffing portfolio which includes Cirrus Medical Staffing, a national provider of travel nurse and allied staffing, and PharmaLogics Recruiting, a provider of recruiting solutions for life sciences companies worldwide.
Founded in 2002, Emerald Health Services provides travel nurse professionals to acute care hospitals and healthcare facilities across the California market. The Company is headquartered in Los Angeles, CA and focuses on staffing quality providers within the nurse and travel segments.
“We are excited to partner with Emerald to assist them in continuing to staff high quality healthcare professionals,” said John Garbarino, Partner at Webster Capital. “The Company has an exceptional track record and is well-positioned to capitalize on a range of growth opportunities in the coming years.”
CEO and President, Mark Siegel, said, “We are very excited to partner with Webster for our next chapter of growth. The Webster team brings a wealth of experience in healthcare services and shares our vision for growth, commitment to core values and drive for innovation. With their support, we look forward to our continued penetration of the California market and geographic expansion of the Emerald footprint.”
Mark Stagen, Founder of Emerald said, “For over 15 years, Emerald has been a true love of mine. Though I will miss the team, the clients and the business, I’m very excited to see the amazing things Emerald will accomplish with Webster Capital and the amazing Emerald management team.”
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster has raised $600 million and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.
About Emerald Health Services
Emerald is a regional healthcare staffing Company with a proven track record of partnering with their clients. Led by a strong management team, Emerald places top high-quality healthcare professionals across the California market. For additional information on Emerald, please visit www.emeraldhs.com.