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J.W. Childs Agrees to Sell Its Stake in CHG Healthcare Services

Boston Globe (10/23/12) Chris Reidy

CHG Healthcare Services, a health care staffing firm currently controlled by the private equity firm J.W. Childs Associates, says that two other investment firms plan to buy CHG, along with existing management. J.W. Childs has agreed to sell its stake in Utah-based CHG to Leonard Green & Partners and Ares Management LLC and the existing management of CHG. Terms of the transaction, which is expected to close by the end of the year, were not disclosed.