Parallon Business Solutions Acquires Martin, Fletcher

FRANKLIN, Tenn. --(Business Wire)--

Parallon Business Solutions, a leading provider of healthcare business and operational services, today announced it has completed the acquisition of Martin, Fletcher, one of the nation's premiere healthcare staffing firms. The acquisition advances Parallon's growth strategy and leadership in the healthcare industry.

The acquisition will expand Parallon's existing suite of workforce management offerings, with the added capability of locum tenens clinical staffing. In addition, Parallon will strengthen its direct hire resources through Martin, Fletcher's high-level service.

"With the growing demand for locum tenens clinical staff, this acquisition positions Parallon to provide enhanced staffing services that can help hospitals, medical groups and accountable care organizations thrive in today's dynamic healthcare environment," said Michael O'Boyle, president and chief executive officer of Parallon. "This acquisition brings a strategic fit that will accelerate our growth, broaden our portfolio and advance the performance of our clients."

"We are bringing together two exceptionally strong entities regarded for our industry-leading resources and progressive solutions," added John Buffa, chief executive officer of Marin, Fletcher. "We are proud to join Parallon. Our collective strengths and shared commitment will provide improvement opportunities for our clients today and tomorrow."

Based in Irving, Texas, Martin, Fletcher has provided services to more than 2,000 hospitals and clinics nationwide since its founding in 1999. Currently, the company serves more than 200 clients across all 50 states through a network of more than 70 professionals. The company's comprehensive search process has produced one of the highest recruitment success rates in the U.S. for client needs ranging from emergency room nurses to orthopedic surgeons.

"We believe the combination of our services with Parallon's solutions and scale will create an even stronger company that will meet and exceed the needs of more hospitals and healthcare systems across the country," said Russel Hicks, president of Martin, Fletcher. "This acquisition exemplifies our dedication to improving the search and recruitment process for healthcare organizations."

For more information about Parallon Business Solutions, visit www.parallon.net or call 615-807-8000.

About Parallon Business Solutions

Parallon Business Solutions, LLC, headquartered in Franklin, Tenn., is committed to transforming the business of healthcare. Over the last 12 years, Parallon's shared services solutions have been proven in 250 hospitals and 2,000 non-acute care providers across the country. Through its five business units, Parallon provides revenue cycle and business process expertise, workforce management solutions, supply chain services, complete information technology services and purchasing expertise of HealthTrust Purchasing Group, which serves approximately 1,400 hospitals and 11,000 non-acute care providers. Operating with a "patients first" philosophy, Parallon has a team of over 22,000 people dedicated to continuous process improvement through practical, impact-oriented solutions. Learn more at www.parallon.net.