MedLink Staffing Has Been Acquired by Innoneo Health Technologies
Heritage Capital Group, Inc. is pleased to announce the sale of MedLink Staffing, Inc. (MedLink) to Innoneo Health Technologies, Inc. (Innoneo).
MedLink provides medium-term, long-term, and specialty locum tenens staffing and placement solutions to hospitals and group practices. The Company was founded in 1999 to address anesthesia physician staffing needs. As industry conditions changed over the years, the Company developed a successful staffing business in the areas of emergency medicine, family practice, urgent care, and other subspecialties. In 2018, MedLink expanded into the telemedicine market. MedLink's solutions stabilize departments, eliminate unexpected gaps in coverage, and achieve measurable improvements in care provision without changing the entire panel of physicians.
Innoneo is a technology-powered healthcare provider and integrator of consumer-centric health and wellness services along the care continuum. The Company provides access to value-based integrated healthcare services that improve health outcomes and consumer experience while reducing costs. Innoneo's portfolio of services includes primary care, multi-specialty care, health and wellness programs, proactive health assessments, care coordination and navigation, home care services, proactive diagnostic services, pharmacy services, and value-added services.
"We had no idea how to approach a sale. We had previously tried it on our own, but failed," admitted Carmen Renaldy III, President and CEO of MedLink. "Patrick stepped in, defined the process, and got it moving. He was able to shake up the sales transaction when it stalled and get it back on track when the buyer seemed to stray. We always felt like we had a colleague at our side rather than a vendor."
Patrick Emmet was the advisor on the deal.
The terms of the transaction were not disclosed. Heritage Capital Group's sister company, Steel Beach Advisors, executed the transaction and served as exclusive advisor to MedLink.