Boston’s JW Childs puts CHG Healthcare on the block


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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