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Boston’s JW Childs puts CHG Healthcare on the block

11 Sep 2012

CHG Healthcare Services, the hospital staffing business bought out five years ago by its chief executive with the backing of Boston-based private equity firm JW Childs, is reported to have been put up for sale, in a deal that could fetch more than $1bn.

The company is understood to have hired Goldman Sachs to advise on a possible sale, and is hoping to fetch around 11-times its $100m EBITDA, Reuters reported, citing unnamed sources.

The auction is in the second round, attracting interest mostly from buyout firms, the report added.

Utah-based CHG was founded in 1979 and provides hospitals and healthcare groups in the US with temporary or permanent staffing of physicians, nurses and other health workers, the report added.

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