Monday 27 March 2023

Chicago-based private equity firm Waud Capital Partners has partnered with healthcare executives Bales Nelson and Allen Dye, to form Fusion Health platform company, providing clinical staffing services to healthcare facilities, providers, and health plans, the company said.

Terms of the transaction were not disclosed.

Nelson and Dye have extensive experience building companies at the intersection of technology and healthcare staffing, having previously served as either founders or executive leaders of CenseoHealth (now SignifyHealth), THMed (now Curative, a Doximity brand), Merritt Hawkins and AMN Healthcare.
Nelson will serve as chief executive officer of Fusion Health, and Dye will serve as president.

In connection with the formation of Fusion Health, the company acquired a majority stake in Fusion Healthcare Staffing, a provider of locum tenens staffing services to hospitals and healthcare providers across the US.

In acquiring Fusion Healthcare Staffing, Fusion Health is partnering with the company's three owners, Jarin Dana, Rob Gleason, and Dan Westenskow, who will all remain in leadership positions at the company.

This platform is the latest addition to Waud Capital's strong portfolio of healthcare, HCIT, and technology-enabled investments, including Integrated Practice Solutions (speciality EHR and practice management software), Sphere (healthcare payments and technology), HSI (software and technology-enabled workplace safety training), Pharmacy Partners (infusion management services), and Concierge Home Care (home-based care services), among others.