The Vistria Group announced a strategic partnership with Apollo Impact Mission, Apollo Global’s Impact Fund, to further accelerate the growth of Supplemental Health Care, a staffing and workforce solutions management company (“the Company”). Under the arrangement, Vistria Fund IV and Apollo Impact Mission will be equal owners of the Company and The Vistria Group will liquidate its current holding made in 2015 through Vistria Fund, LP (“Fund I”).
“We are thrilled to partner with Apollo Impact Mission and continue to support Supplemental Health Care, as it continues its significant growth trajectory,” said Amy Christensen, Partner and Co-Head of Healthcare of The Vistria Group. “Over the course of our investment, Supplemental Health Care has demonstrated its commitment to connecting caregivers with communities that need them most. We are proud to continue supporting the Company in reaching additional communities and helping provide access to caregivers.”
Founded in 1984, Supplemental Health Care is one of the largest staffing and workforce solutions management companies, serving both acute and non-acute care environments. With placements in hospitals, schools, home health, correctional facilities and other care settings, Supplemental Health Care bridges the gap between a qualified, ready-to-work supply of health professionals and the many facilities and communities that need them.
Greg Palmer, CEO of Supplemental Health Care stated, “We are honored that The Vistria Group decided to re-invest in Supplemental Health Care. The Vistria Group has been an outstanding partner, supporting us to build an industry leading management team, achieve our growth initiatives, and expand our customer base to diversified, healthcare end markets.”
About Supplemental Health Care
Supplemental Health Care is a leading healthcare staffing and workforce solutions provider with a broad geographic presence, serving hospitals, health systems, educational institutions, correctional facilities, and other healthcare organizations. The company manages 4,000 clinicians on-assignment at client facilities daily. To learn more about Supplemental Healthcare, visit www.shccares.com.
About The Vistria Group
The Vistria Group is a Chicago-based next generation private investment firm that operates at the intersection of purpose and profit. Vistria partners with middle-market businesses in Healthcare, Education and Financial Services that are passionate about growth and committed to the community. Our decision to invest in these areas is driven by our belief in companies producing scalable social value. Vistria’s team is comprised of highly experienced operating partners and investment professionals with proven track records of working with management teams in building innovative, market-leading companies.