This acquisition also aims to positively increase both staff and revenue numbersJordan Search Consultants based in the North-East USA, has signed an agreement on June 30th to acquire HSNE which has been serving a variety of clients for over two decades. The acquisition will allow JSC to expand its geographic reach into a key area, heavily populated with hospital systems and healthcare organisations.
HSNE has facilitated healthcare recruitment for over two decades in the New England area and has completed over 1,000 placements in hospitals, private practices, healthcare systems, and community clinics. Due to their positive reputation in the area, the company will be publicly presented as a division of Jordan Search Consultants, and will maintain its office in Bangor, Maine. All New England searches will continue to be staffed by current HSNE professionals.
“Jordan Search Consultants has been successful in gaining market share throughout the west coast and southeast, but knew we needed a strong partner to penetrate New England,” said Kathy Jordan, Founder and CEO of Jordan Search Consultants.
“Celena [Celena Knapp, President of HSNE] and I have known each other for almost a decade and I have great respect for her and HSNE; it felt like the right match at the right time.”
Knapp initially worked at HSNE as a recruiter and then went on to work in marketing for many years before taking over as President in January 2017. She says the expanded administrative and operational infrastructure that the acquisition provides will allow HSNE to offer additional services and recruitment models to clients.
“We will now be able to recruit for executive and academic positions, and can offer high-volume and retained search models that may be more cost-effective for organizations throughout our region,” said Knapp.
This acquisition will also increase both staff and revenue numbers. According to Jordan, the acquisition will provide an approximate 15% increase in revenue by the end of 2017. By the end of 2018, she expects a 25% increase in revenue and the addition of 3-5 staff members.
Jordan Search Consultants was founded in 2003 as a physician and healthcare executive recruitment firm and this is the company’s third acquisition. In August 2012, the company acquired another St. Louis-based search firm to add higher education, academic leadership, and executive-level corporate position sourcing and recruiting to their service offerings. In February of 2014, Jordan Search Consultants acquired Sacramento-based Levison Search Associates to expand their geographic reach and their capabilities to include recruitment for managed care and health plan physician/nurse leadership, hospice organisations, and non-profit community health centres. The company has more than doubled revenue over the past two years.
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