Deal Details
Sale to Beecken Petty O’Keefe & Company
Summary
Baird served as the exclusive financial advisor to Kforce Inc. on this transaction.
About
Kforce Inc. (NASDAQ: KFRC) recently completed the sale of Kforce Healthcare, Inc. (“Kforce Healthcare”) to Beecken Petty O’Keefe & Company for approximately $119.0 million. Kforce Healthcare is the operating subsidiary for Kforce Inc.’s Health Information Management segment.Kforce Healthcare offers dedicated project consultants and staffing specialists for health information technology, health information management and revenue life cycle improvement. Kforce Healthcare helps organizations meet the complex challenges of operational, technology and financial projects, including ICD-10 implementation, clinical documentation improvement, electronic medical record (EMR) and electronic health record (EHR) conversions. Kforce Healthcare is headquartered in Tampa, Florida and is supported by over 900 employees throughout the United States.
Kforce Inc. is a professional staffing and solutions firm providing flexible and permanent staffing solutions in the skill areas of technology, finance & accounting, and health information management. Backed by more than 2,700 associates and approximately 12,100 consultants on assignment, Kforce Inc. operates with 63 offices located throughout the United States and one office in the Philippines. Kforce Inc. is headquartered in Tampa, Florida.
Beecken Petty O’Keefe & Company is a Chicago-based private equity firm that invests exclusively in healthcare companies. The firm manages approximately $1.4 billion of total capital.
For additional information about this transaction, please contact:
- Date
- August 2014
- Company
- Kforce Healthcare, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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