August 10, 2021 – Aya Healthcare announced a definitive agreement to acquire Vizient Inc’s (Irving, TX) Contract Labor Management (CLM) business unit and transition it to Vaya Workforce Solutions (Vaya), a new subsidiary of Aya.
Vaya intends to maintain operations as a Vizient-endorsed, vendor-neutral workforce solutions provider covering whole-house contract labor needs and delivering accountable fulfillment for Vizient members.
By transitioning Vizient’s CLM services to Vaya Workforce Solutions upon the close of the transaction, health system clients will continue to seamlessly receive enhanced workforce services including leading vendor management and staffing solutions.
“As the demand for healthcare staffing services evolves, we’re thrilled to join forces with Aya to expand our members’ unmatched access to exceptional, cost-effective temporary staffing services through Vaya Workforce Solutions. Working in partnership, Vizient and Vaya will ensure members have continued scalable workforce solutions with enhanced digitalization well into the future,” said Bharat Sundaram, president and COO at Vizient.
The companies expect to close the acquisition by the end of September.
The M&A market for healthcare companies continues to strengthen in 2021 and ahead of the projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
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