BlueKey Equity Partners Invests in Revolution Healthcare Services
Company Fills Critical Need for Healthcare Professionals
FOR IMMEDIATE RELEASE: November 14, 2019
HOLLYWOOD, Fla. – Healthcare organizations across the country have relied for years on staffing companies to relieve temporary and permanent staffing shortages. As those shortages have significantly increased, the reliance on these experienced healthcare professionals has become magnified for hospitals, healthcare facilities, assisted living facilities, nursing homes as well as for patients who are recovering at home.
Today, BlueKey Equity Partners (BKEP), a small to middle-market private equity firm, announced the completion of its investment in Revolution Healthcare Services (RHS), a locum tenens staffing, as well as short and long-term healthcare recruiting and staffing company headquartered in Palm Beach, Florida.
“The decrease in the number of healthcare professionals – especially physicians and nurses -- along with the rise in the number of insured Americans and the rapidly increasing senior population -- is driving the demand for temporary and permanent healthcare professionals as well as at-home healthcare services,” said Amaury Cifuentes, CFP®, CMP®, and a BlueKey Equity Partner.
CEO Marc Domb, PT, founder of Revolution Healthcare Services in 2019, has been in the healthcare industry for more than 20 years. RHS provides temporary and permanent staffing for a variety of healthcare professionals including physicians, nurse practitioners, physician assistants, certified registered nurse anesthetists, and physical, occupational and speech language therapists. The firm is currently expanding its placements to include other healthcare professionals such as pharmacists, respiratory therapists, social workers, and radiology techs.
Domb, who serves as an industry advisor to BlueKey Equity Partners, has developed and launched several successful, start-up healthcare business models, including home healthcare, private care, durable medical equipment, and medical staffing.
RHS is comprised of three disciplines:
Locum Tenant – Provides healthcare professionals nationally to fill in when a healthcare worker – mainly physicians, nurses, nurse practitioners and nurse anesthetists--- goes on leave or retirement, to deal with an increased patient load or to fill in while a new professional is being hired and trained. The average length of assignment for locum tenens staffing ranges from five weeks to six months.
Allied Healthcare – National and recruiting staffing firm for placing healthcare providers in physical, occupational and speech language therapy roles. The company is currently expanding to include pharmacists, respiratory therapists, radiology techs and social workers. The scope of the business encompasses travel and temporary staffing solutions for both part-time and full-time assignments.
Evolution Rehab Group – A Medicare-certified rehab agency providing physical, occupational and speech language services in the home environment under the outpatient therapy benefit.
The healthcare staffing industry has become a $17 billion industry, fueled by a shortage of healthcare professionals, especially physicians and nurses, across the United States.
In fact, the Association of American Medical Colleges predicts the country could face a shortage of 150,000 doctors in the next 10 to 15 years. Long-term growth of the segment is expected to be fueled by the aging population, an increase in life expectancy, the increasing shortage of physicians, and the availability of healthcare insurance to most citizens.
“The healthcare staffing industry is growing exponentially,” said Cifuentes. “Blue Key Equity Partners is convinced that Revolution Healthcare Services will help fill the critical need for health care professionals in hospitals, private facilities, and residences across the United States.”
About BlueKey Equity Partners
BlueKey Equity Partners specializes in small and mid-capital growth companies, leveraging the partnerships between investors, principals and communities. Its focus is on private lending, core real estate and business investment. The extensive experience of its professional team allows the firm to implement a rigorous process to identify the “Best in Class” opportunities in its focus areas. The company assists in providing capital, innovative solutions and strategic expertise to its portfolio throughout the investment cycle. For additional information, visit bluekeyequitypartners.com.
About Revolution Healthcare Services
Revolution Healthcare Services (RHS) has access to the largest pool of qualified locum tenens physicians, nurses, nurse practitioners, physician assistants, and certified registered nurse anesthetists and can deliver immediate support for both long and short-term gaps in critical staffing.
The firm also provides temporary or permanent staffing for a variety of healthcare workers including physical, occupational, speech language therapists. It is expanding to include pharmacists, social workers and respiratory therapists. These healthcare professionals can work in hospitals, medical facilities, assisted living facilities, nursing homes and in-residence..
RHS handles all aspects of the staffing process, including sourcing, screening, credentialing, licensing and onboarding. RHS can assist facilities and staffing coverage for hard-to-fill specialties and emergency gaps. RHS clients range from small to large hospitals and health systems, local and national physician groups, freestanding facilities, practice management companies, outpatient and surgery centers across the country, and residences throughout South Florida.
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