MTS Health Investors Makes Strategic Investment in HCCA; Chrysalis Exits

MTS Health Investors Makes Strategic Investment in HCCA

NASHVILLE, Tenn. & NEW YORK–JANUARY 8, 2016 –HCCA Health Connections, Inc. and HCCA International, Inc. (collectively known as “HCCA”) and MTS Health Investors, LLC (“MTS”), the New York-based healthcare private equity firm, announced that funds managed by MTS have completed a strategic equity investment in HCCA. Through this transaction, MTS has partnered with HCCA’s existing senior management team to provide liquidity to selling shareholders and additional capital for the purposes of supporting future growth. Terms of the transaction were not disclosed.

HCCA is the largest independent provider of offshore clinical resources serving U.S. healthcare companies. HCCA’s Clinical Process Outsourcing (CPO) offering provides intelligent, patient-centered solutions that lower costs and improve outcomes for healthcare payors, providers, and service companies.

HCCA’s domestic nurse staffing business recruits experienced, qualified nurses for deployment at U.S.-based hospitals, addressing the chronic nurse shortage issue affecting the market.

HCCA Chief Executive Officer David Bartholomew, who will serve as a member of HCCA’s Board of Directors, said, “The strategic partnership with MTS will provide us with an experienced partner who can help us execute on our growth strategy and enhance the value we deliver to our clients. MTS’s strong network of relationships and industry expertise will augment our capabilities and support us in expanding the breadth of our service offering.”

MTS Senior Managing Director Oliver Moses said, “We are excited to be partnering with the HCCA management team and to assist with their continued growth. The Company is widely regarded as an industry leader and well positioned to capitalize on the expanding payor outsourcing market and the significant nurse supply shortage that exists throughout the U.S.”

Cain Brothers served as financial advisor to HCCA on this transaction, while DLA Piper served as HCCA’s outside legal counsel. Hogan Lovells provided legal counsel to MTS. Debt financing was provided by Cadence Bank.

About HCCA

HCCA, headquartered in Nashville, Tennessee, is a leading provider of offshore clinical resources serving U.S. healthcare companies. The Company provides intelligent, patient-centered clinical process outsourcing and nurse recruitment solutions to lower costs and improve efficiency for healthcare payors and providers. For further information, please visit

About MTS

MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes investments in operating companies within the healthcare industry. MTS focuses on companies that deliver greater value for every dollar spent in healthcare. Industry sectors in which MTS invests include: providers of outsourced solutions to the healthcare industry; providers of direct medical services to patients in an institutional, ambulatory, or home setting; providers of managed care and other healthcare insurance services; distributors of medical products; and manufacturers of low-technology medical devices and supplies. For further information, please visit