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Capstone Headwaters Advises Aequor Healthcare Services on its Recapitalization with DW Healthcare Partners

August 2018

Philadelphia, PA – Capstone Headwaters LLC, a leading international investment banking firm, announced that it has successfully advised Aequor Healthcare Services (“Aequor”) on its recapitalization with DW Healthcare Partners (“DWHP”).  The terms of the transaction were not disclosed.

Aequor is a leading contingent staffing and managed services solutions provider, specializing in delivering diversified workforce solutions to the healthcare and pharmaceutical industries with clinical, scientific, regulatory, allied health, IT, and therapeutic workforce needs.

Founded in 1998, Aequor has built a sterling reputation as a comprehensive staffing solutions provider with a proven track record of recruiting quality professionals in a wide range of disciplines including therapists, specialty nursing, technologists, clinicians, scientists, SAS programmers, biostatisticians, regulatory affairs experts, medical writers, and allied healthcare professionals.  With multiple locations throughout the US and internationally, Aequor has amassed a diverse roster of nearly 300 customers that includes Fortune 500 life sciences companies, leading regional and national healthcare & hospital systems, rehabilitation providers, and public entities such as school systems and federal agencies.  Through continued investments in proprietary recruiting software tools combined with its extensive off-shore capabilities, Aequor has effectively established a recruiting platform with significant competitive advantages including expedited response times, high placement rates, and access to highly specialized candidates.  As a result, Aequor has become the provider of choice for many of its clients. 

DW Healthcare Partners, a Toronto and Park City, UT based private equity firm focused exclusively on the healthcare industry, invested in Aequor due to the favorable industry dynamics, sterling reputation, diversified staffing services platform, and the Company’s historical track record of successfully completing highly strategic and accretive acquisitions.  Co-CEOs Manmeet Virdi and Kamal Virdi added, “We are confident that partnering with DWHP is a strategic fit for Aequor that will better position us to deliver expanded service offerings to our clients and healthcare professionals.  This will also provide tremendous growth opportunities for our team members.”

 “Aequor has been benefiting from the expanding and evolving healthcare and life sciences markets.  Factors such as an aging U.S. population and corresponding increase in healthcare utilization, improving pharma pipeline, increased reliance on outsourced providers in the life sciences sector, and shortages of nurses and therapists in many regions are fueling demand for the Company’s staffing and managed services solutions” said Eric Williams, Managing Director of the Philadelphia-based Capstone Headwaters deal team.  Mark Surowiak, Director at Capstone Headwaters, added, “With favorable growth dynamics in place, healthcare staffing services providers are securing attractive valuations.  M&A activity is quite robust, and due to the fragmented nature of these sectors we expect this wave of consolidation to continue."

Industry Experience

Healthcare

Lead Professional

Eric Williams

Managing Director