Cornell Capital and Trilantic North America Appoint Bart Valdez as President and CEO of New Healthcare Staffing Platform
NEW YORK, June 4, 2021 / PRNewswire / – Cornell Capital and Trilantic North America, two leading private equity firms, announced today that Bart valdez was appointed Chief Executive Officer of the combined healthcare staffing platform (the “Company”) recently formed through the acquisitions of Fastaff, LLC (“Fastaff”) and US Nursing Corporation (“US Nursing”); trustaff Management, Inc. (“trustaff”) and CardioSolution LLC (“CardioSolution”); and Stella.ai, Inc. (“Stella”).
Mr. Valdez brings over 20 years of experience in the human capital management industry, having previously held leadership roles at Syneos Health, INC Research, Ceridian and First Advantage. He most recently served as President and CEO of Fastaff and US Nursing from 2019 until his appointment as President of February 2021, having doubled the size of the company during this period. During the COVID-19 pandemic, Mr. Valdez successfully led Fastaff and US Nursing through rapid operational initiatives and investments that have enabled businesses to respond quickly and effectively to an unprecedented increase in demand for experienced nurses at more than 400 establishments in 45 states.
“With his vast experience in the industry and his deep understanding of our business, we are confident that Bart is the right leader to accelerate organic growth, drive product and service innovation, and position the combined company to help. to meet the growing health workforce needs of the country ”, mentioned Stephen trevor, partner of Cornell Capital, and Jeremy Lynch, partner of Trilantic North America. “During his tenure at Fastaff and US Nursing, Bart was instrumental in expanding the company’s capabilities to a broader customer market and expanding the organization’s strong market position. . I look forward to working closely with Bart and the entire management team to continue serving our clients, while effectively positioning the combined company for future success, growth and value creation. “
“I am honored to take on the role of CEO as we continue to build the combined company into a leader in the healthcare staffing industry,” said Mr. Valdez. “I look forward to working with our talented team to deliver exceptional service to our clients, grow and diversify our innovative platform, and unleash meaningful value for all of our stakeholders. “
Mr. Valdez succeeds Adam zoia, who is stepping down as CEO to deal with unforeseen family matters. Mr. Zoia will remain actively involved with the business as a member of the Company’s Board of Directors and will work closely with Mr. Valdez to ensure a smooth transition.
“On behalf of the entire Board of Directors, we would like to thank Adam for his visionary contributions to the company during its launch and his successful efforts to make Stella a leading online marketplace, driven by AI. for employers and job seekers, equipped with state-of-the-art technology. expertise, ”continued Mr. Trevor and Mr. Lynch. “Under his leadership, we began the integration process to create a cutting-edge technology platform for healthcare staffing. Adam’s vision was to accelerate delivery to the healthcare staffing market through innovative technology, and over the past two months he has led efforts to bring these talented companies together and build a team of World-class leadership comprised of industry experts who will make this vision a reality. ”
“Given Adam’s unforeseen family issues, we and Adam agree that now is the time to implement a thoughtful transition as the Combined Company enters its execution phase. We are grateful for Adam’s leadership and helping to ensure a smooth transition, and we look forward to benefiting from his expertise as he continues to convey his entrepreneurial ideas and vision as a member of our Board of Directors. ”
“It has been a privilege to lead the onboarding process over the past few months and I am proud of what we have accomplished,” said Mr. Zoia. “We offer a truly unmatched value proposition to clients and healthcare professionals, and I’m excited to bring Stella’s powerful capabilities to this one-of-a-kind healthcare staffing platform. Having said that, my family is my top priority and while I focus on these responsibilities, I cannot remain the CEO of the Company, which should be and is a full-fledged position. I remain a major investor in the Company, I believe passionately in its future and I want to ensure the best possible result. I am leaving the team in incredibly capable hands with Bart and look forward to continuing to work with my fellow board members as we help guide the company on its growth journey. “
About Cornell Capital
Cornell Capital LLC is a United States-based private investment firm with $ 6.0 billion assets under management and offices new York and Hong Kong. In partnership with strong and entrepreneurial management teams, the company takes a value-driven approach to investing in the consumer, financial and industrial sectors. Founder and Senior Partner Henry Cornell, who was Vice President of Goldman Sachs’ Merchant Banking division before founding Cornell Capital in 2013, leads a seasoned management team with decades of shared investment experience. For more information visit www.cornellcapllc.com.
About Trilantic North America
Trilantic Capital Management LP (“Trilantic North America”) is a private equity firm focused on controlling and making significant minority investments in North America. Trilantic North America focuses its investments in the business services, consumer and energy sectors. Trilantic North America has managed six families of private equity funds with total capital commitments of $ 9.7 billion. Trilantic North America was recognized by Inc. Magazine’s 2019 list of the 50 Best Founder-Friendly Private Equity Firms. For more information visit www.trilanticnorthamerica.com.
About Fastaff Travel Nursing®
Over 30 years ago, Fastaff pioneered the practice of rapid response travel nursing staffing. Since then, the company has grown to be the leading crisis provider of experienced nurses to hospitals facing urgent and critical situations nationwide. With guaranteed delivery in ten days or less, and often within 24-48 hours, Fastaff is recognized as the most trusted partner in ensuring uninterrupted, high-quality patient care in hospitals, healthcare systems and communities facing challenges. turbulent times. Fastaff provides rewarding employment opportunities for nurses while providing the highest salary in the industry to meet acute staffing needs and provide unparalleled patient care. Visit www.fastaff.com for more information and connect with Fastaff on Facebook, Instagram, Twitter, YouTube and LinkedIn.
About Nursing in the United States
Since 1989, US Nursing has worked with healthcare facilities and healthcare professionals to provide comprehensive staffing solutions during labor disputes. US Nursing has recruited or helped avoid many of the largest labor disputes in the healthcare industry nationwide, and is the pioneer and industry leader for full service life-long readiness and of the implementation of the strike. Faced with an organized strike, US Nursing helps establishments negotiate from a position of strength. In the case of professional action, US Nursing will provide a core group of proven and experienced healthcare professionals who can get down to work to ensure continued, quality patient care. Visit www.usnursing.com for more information.
Founded in 2002 and based in Cincinnati, Ohio, trustaff is one of the largest and most respected healthcare staffing companies in the industry. trustaff is proud to represent some of the most qualified healthcare professionals in the market and to help place them in exceptional facilities across the country. Over the past 18+ years, trustaff has grown exponentially to become one of the nation’s most respected travel health care companies. For more information visit www.trustaff.com.
CardioSolution offers a unique turnkey solution, offering full lines of cardiovascular services to hospitals across the country. We are a team of over 100 physicians and clinical support staff serving millions of patients in 23 communities across the country. For more information, please visit cardiosolution.com.
Co-founded by Adam Zoia and backed by world-class investors including Charles River Ventures and The Seek Group, Stella is the premier cross-company candidate referral network for large employers. Powered by a common application, ATS integrations and matching algorithms, Stella provides an efficient and seamless experience for candidates and recruiting firms. Stella has built networks in hospitality, wireless communications and healthcare, and is headquartered in New York City. For more information, please visit www.stella.jobs.
Tim ragon / Kate thompson / Tanner Kaufman
Joële frank, Wilkinson Brimmer Katcher
Trilantic North America
SOURCE Cornell Capital LLC