The Whitaker Companies Announces the Sale of its Physician Staffing Company Whitaker Medical; Terms Undisclosed
The Whitaker Companies announces the sale of Whitaker Medical a leading physician staffing firm, to On Assignment (NYSE: ASGN), a leading global provider of diversified professional staffing solutions.
Whitaker provides experienced physicians and mid-level practitioners across a wide variety of sub-specialties to medical facilities nationwide and has been in business since 1989. Whitaker will become a part of VISTA Staffing Solutions, making VISTA the fourth largest physician staffing practice in the United States with combined pro forma 2013 revenues of over $130 million.
“We are very pleased to welcome Whitaker Medical into the VISTA Staffing Solutions and On Assignment family,” said Peter T. Dameris, president and chief executive officer of On Assignment, Inc. “For 25 years, Whitaker Medical has excelled in providing physician staffing solutions for a wide variety of clients. Their concentration on the primary care market and geographic locations are highly complementary to VISTA's existing locum tenens practice. In addition to their focus on physician staffing, Whitaker possesses a strong advance practice expertise, which we expect to be one of our fastest growing segments.”
“In addition to the geographic fit of the two companies, Whitaker's client base is also complementary to VISTA's,” said Christian Rutherford, president of VISTA Staffing Solutions. “We expect there to be little sales channel conflict or customer overlap allowing for a successful integration. I look forward to working with our new team and taking advantage of the opportunities in the marketplace that this transaction will bring.”
Mr. Whitaker will serve as an advisor to Whitaker Medical and VISTA through a transition period. He will continue to serve as President of The Whitaker Companies, operating its two divisions Whitaker IT and Whitaker Technical that provide IT and Engineering/Technical contract staffing and direct-hire search to a variety of organizations nationwide.
“We very much look forward to joining On Assignment and becoming part of one of the most well-respected staffing firms in the nation,” said Bruce Whitaker, President of The Whitaker Companies. “Together, we will be well positioned to grow this business and being part of a larger, publicly traded company will also provide our employees with access to a wide array of new resources and opportunities.”
Amy Moss, a Shareholder with Chamberlain, Hrdlicka, White, Williams & Aughtry, served as legal counsel to The Whitaker Companies for the sale transaction and Lori Bisson, CPA, Director of Financial Accounting Services of Condon & Company, served as financial advisor.
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