Medical Solutions announced that it has completed a comprehensive financing and exchange transaction with its lenders.
The transaction is designed to strengthen the company’s financial foundation and support its long-term growth strategy.
Medical Solutions is a healthcare workforce solutions company that partners with healthcare organizations on staffing, workforce strategy, technology, recruiting, and advisory services.
The financing transaction includes new debt financing, extended debt maturities, deleveraging, and other liquidity enhancements.
Medical Solutions said all existing lenders were offered the opportunity to participate in the transaction.
The company plans to use the added financial flexibility to continue investing in its people, technology, service capabilities, and workforce solutions.
Medical Solutions said these investments will help healthcare organizations navigate complex labor challenges while supporting quality patient care.
The company provides services across managed services, internal resource pools, virtual health, workforce disruption, contingent staffing, interim leadership, domestic and international direct hire, and managed staffing.
Medical Solutions was advised by Kirkland & Ellis as legal counsel and Evercore Group as financial advisor.
KEY QUOTES:
“This transaction is a significant milestone for Medical Solutions and a testament to the confidence our lenders and investors have in our business and long-term vision. With enhanced financial strength, we are positioned to accelerate our growth while continuing to support our clients, clinicians, and the communities we serve.”
Rebecca Rogers Tijerino, CEO of Medical Solutions
