Bowstring Advises Trinity Healthcare Staffing in its Sale to Travel Nurse across America, a Gridiron Capital Portfolio Company
February 9, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Trinity Healthcare Staffing Group (“THSG” or “the Company”), a leading independent travel nurse staffing firm, in its sale to Travel Nurse Across America (“TNAA”), a Gridiron Capital portfolio company.
Founded in 1999 by travel nurse Matt Floyd, Trinity is one of the fastest-growing travel nurse staffing agencies in the industry. Headquartered in Florence, S.C., THSG is focused on placing travel nurses in all 50 states as well as the U.S. Virgin Islands and Puerto Rico. The Company’s managed services division, SimpliFi, provides contingent healthcare workforce services to hospitals across the country. The combination of TNAA and Trinity will allow TNAA to supply travel nurses with a wider variety of travel assignments and, in turn, provide client facilities with a larger pool of highly qualified travel nurses.
“By combining two companies that have already established formidable teams and resources, we can improve the services we provide to our existing travelers and clients, and become a better option for those who are seeking a new agency partner,” stated Trinity founder and CEO Matt Floyd. He added, “The Bowstring team and their relationships and knowledge of the health care staffing sector helped bring about the combination of two great organizations that are aligned in terms of processes and values.”
According to a 2015 independent survey of healthcare staffing agencies conducted by Staffing Industry Analysts, Travel Nurse Across America was named number 11 of the largest U.S. travel nurse staffing firms; Trinity was listed as number 17. This acquisition will catapult TNAA to the top 5 of the largest travel nurse staffing firms.
By combining two companies that have already established formidable teams and resources, we can improve the services we provide to our existing travelers and clients, and become a better option for those who are seeking a new agency partner.
Founder and CEO
Trinity Healthcare Staffing Group