Chicago – Paul Hastings LLP, a leading global law firm, announced today that the firm advised private equity management advisory Beecken Petty O'Keefe & Company (BPOC), in its agreement to sell a majority stake of portfolio company Medical Solutions, a leading provider of healthcare staffing solutions for hospitals across the United States, to TPG Growth.
BPOC, which acquired Medical Solutions in 2015, will retain an equity stake post-close. The transaction is subject to standard conditions, including regulatory clearance, and is expected to close in the second quarter. Financial terms of the transaction were not disclosed.
The Paul Hastings team was led by partner Brian Richards, and also included partners Chris Sheaffer and Ziemowit Smulkowski, and associates Sabrina Cua and Samuel Domjen.
The firm has represented BPOC on dozens of significant transactions, including most recently the acquisitions of Spectrum Professional Services and Absolute Dental and the disposition of Dentistry for Children.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.