June 8, 2018
Technology, Business Services, Healthcare
M&A, Debt advisory
GCA Altium advises Vitruvian on its partnership with doctari
GCA Altium acted as M&A and debt advisor to Vitruvian Partners on a partnership with doctari to solidify the company’s strong leadership position in the German healthcare staffing market and support its growth plans.
doctari has a strong track record of rapid revenue growth based on a growing German healthcare staffing market and its market leading position supported by best-in-class service and close customer relationships. doctari seeks to continuously invest in its platform and be at the forefront of innovation in the healthcare staffing market.
The new ownership structure and Vitruvian’s expertise with high-growth, technology-enabled companies will enable doctari to further capitalize on the great market opportunity and expand its service offering going forward. Founders Christoph Siegmann, Stefan Scherf and Frits Häcker continue to hold a relevant stake in the company after the transaction.
With more than 100 employees, doctari is at the heart of the healthcare eco-system and connects a network of more than 15,000 medical staff and over 5,000 medical institutions every day to match supply and demand for short-term locum tenens and travel nursing assignments and permanent positions of highly qualified medical staff.
Christoph Siegmann commented: “The healthcare staffing marketplace is going through a period of significant growth driven by both the increasing need for healthcare services as well as the need for quality personnel, temporary or permanent. As an industry leader that we have built over the last 10 years, doctari has been instrumental in shaping the sector by offering a broad, full-service offering that caters to the diverse workforce needs of medical institutions and doctors and nurses alike.”
Frits Häcker added: “doctari added travel nursing to its locum tenens portfolio only 5 years ago. We look forward to adding to our portfolio, expanding into allied health, and continuing what we do best – to be the most reliable and trusted workforce solutions provider to our customers.”
Stefan Scherf said: “Together with Vitruvian, we want to continue to invest and accelerate our growth, and lift our company to the next level. Our goal is no less than to become the best destination in Germany to match doctors’ and nurses’ employment needs with medical institutions’ workforce needs. We have a tremendous journey ahead and we are looking forward to working with our new partner Vitruvian and benefitting from their unique expertise of investing and working with technology-enabled, high-growth companies and their strong support to achieve our goals.”
This transactions underlines GCA Altium’s position as a leading adviser in the Healthcare and Tech-Enabled Services spaces.