Medical Staffing Network Announces Sale of HomeCare Division to Epic Health Services »
BOCA RATON, Fla., Mar 20, 2012 (BUSINESS WIRE) — Medical Staffing Network Healthcare, LLC (MSN), one of the nation’s largest healthcare workforce solutions companies, today announced it has completed the sale of its MSN HomeCare division to Epic Health Services of Dallas, Texas. This sale is part of the company’s strategic plan to focus on its core competencies that include services to acute and non-acute healthcare organizations.
“The sale of MSN HomeCare enables our company to make further investments in the innovative workforce management solutions that MSN has become known for,” said Medical Staffing Network Chairman and CEO Bob Bunker. “Our clients need a strategic partner that understands the dynamics of the workplace, has an understanding of labor management and workforce optimization, and can provide real solutions that lower costs.
“While it is hard to let go of an extremely successful division and its employees, I am confident that the choice of Epic Health Services meets our goal to find a suitable organization that holds the same core values as MSN, allowing the best opportunity for our vision to continue.”
Along with a newly formed sales team, MSN is now better positioned to leverage its entire sales and operations staff to meet the workforce management needs of its clients. This, coupled with MSN’s upgraded technology, gives healthcare organizations more options than ever before to efficiently and cost effectively meet their unique needs.
John C. Garbarino, President and Chief Executive Officer of Epic stated, “We are pleased to have such a strong group of clinicians and client service staff joining the Epic team. We pride ourselves on providing the highest quality care and extraordinary service to our clients. MSN HomeCare has certainly adhered to these values and their clients will continue to receive the very best care as they become part of the Epic family.”
Nexus Health Capital served as exclusive investment banking advisor to MSN in the transaction. The sale will help to elevate Epic Health Services to the largest provider of high quality pediatric home health care in the state of Texas.
Further information about MSN Healthcare is available at www.msnhealth.com , and for more about Epic Health Services, visit www.epichealthservices.com
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By Tim Spagnola
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