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Announced

Completed

Olympus Partners completed the acquisition of Soliant Health from Adecco for $612m.

Financials

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Transaction Value£473m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.7x
EV/EBITDA11.3x
Share Price Premium-
One Off Charge-

Tags

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Friendly

healthcare staffing

Private

Acquisition

Single Bidder

United States

Medical Services

Majority

Private Equity

Completed

Synopsis

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Olympus Partners completed the acquisition of Adecco Group's US healthcare staffing business Soliant Health, for a cash consideration of $612m. "Soliant is a strong business that has thrived inside of the Adecco Group and we are pleased to have reached an agreement that we believe will unlock value for both the Group, and Soliant. As we look to this next chapter in our story we see strong potential for growth as a standalone company by building on our unique strengths. We are committed to business continuity through this transition period, and to the continued success of our valued customers, healthcare professionals and employees," David Alexander, Soliant Health Head.

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