#United States #Bridgewater #Alumni Staffing #Harvest Ascend #locum tenens

Alumni Staffing Secures Strategic Investment from Harvest Ascend

Alumni Staffing, a rapidly growing locum tenens staffing company, recently announced a strategic investment from Harvest Partners Ascend Management, LP. This new partnership is expected to strengthen Alumni's position in the healthcare staffing sector, facilitating investments in technology, talent development, and enhanced expertise across various medical specialties.

Founded in 2016 and headquartered in Bridgewater, New Jersey, Alumni Staffing has built its reputation on delivering high-quality staffing solutions to healthcare facilities throughout the United States. The company's approach prioritizes a commitment to candidate quality, responsive client service, and exemplary credentialing processes. This investment from Harvest Ascend will enable Alumni to broaden its specialty offerings, while also allowing for geographical expansion to better serve its existing and prospective clients.

John Pannucci, the CEO and Founder of Alumni Staffing, expressed enthusiasm for the collaboration: “We've been extremely impressed with Harvest Ascend's knowledge of our industry and shared commitment to culture, client service, and growth. We have identified several areas of opportunity within the industry where this partnership will help us gain a competitive edge. We are confident that our partnership will accelerate our momentum, enabling us to further expand our market presence and outpace our competitors.”

The significance of locum tenens in today's healthcare landscape cannot be understated. As hospitals nationwide face significant physician and advanced practice provider shortages, Alumni Staffing’s role in filling these crucial gaps becomes increasingly vital. Bobby Kelly, a Partner and Co-Head of Harvest Ascend, noted, “Locum tenens is a critical part of the U.S. healthcare market. Hospitals have an urgent need to fill gaps to ensure high-quality patient care.” He highlighted Alumni's operational excellence, saying, “We believe Alumni's commitment to operational excellence across candidate recruiting, client service, and credentialing is top-notch.”

With the strategic investment from Harvest Ascend, Alumni Staffing is poised to attract and nurture talent while enhancing its operational capabilities. This partnership will allow for continual investment in training and development for staff members, thereby creating a thriving work environment where professionals can develop their careers.

In addition to bolstering talent and expertise, the collaboration is expected to elevate Alumni’s technological capabilities, further augmenting its ability to provide superior service to healthcare facilities and professionals alike. This forward-thinking approach underpins Alumni's commitment to continuous improvement and responsiveness to the evolving needs of the healthcare sector.

Although Alumni Staffing's management team, led by John Pannucci, remains unchanged and significant shareholders in the company, the addition of key personnel from Harvest Ascend onto the board will bring in fresh perspectives and guidance. Bobby Kelly, Kevin Formica, and Andrew Weisman from Harvest Ascend will join the board, fostering a robust collaborative environment aimed at accelerating growth and expansion initiatives.

As Alumni Staffing embarks on this next chapter with Harvest Ascend, both organizations are dedicated to enhancing the quality of care provided to patients across the United States. Through this investment, Alumni aims not just to maintain its operational success, but to elevate it within the healthcare staffing industry—a sector increasingly recognized for its role in supporting healthcare delivery systems nationwide.

For more information on Alumni Staffing and their services, visit alumnihealthcarestaffing.com.

About Alumni Staffing

Alumni Staffing is a prominent locum tenens staffing firm located in Bridgewater, NJ. Known for priorities such as honesty, responsiveness, and clients’ needs, the company serves as a reliable partner for healthcare facilities seeking effective staffing solutions.

About Harvest Ascend

Harvest Partners Ascend is a private equity investment firm focusing on compelling opportunities in the lower middle market, particularly within the business and technology services sectors. Established in New York in 1981, Harvest Partners has a history of successful investments across various industries.