Get breaking news alerts via email

Click here to manage your alerts
Two private equity firms buy Utah’s CHG Healthcare

First Published Dec 05 2012 06:19 pm • Last Updated Dec 05 2012 06:19 pm

CHG Health Services has been acquired by two private equity firms, although existing management of the Salt Lake City-based health care staffing services provider is keeping a significant stake in the company.

Ares Management LLC and Leonard Green and Partners, both based in Los Angeles, purchased control of CHG from Boston-based private equity firm J.W. Childs Associates late last month, Leslie Snavely, CHG vice president of marketing, said Wednesday. She declined further comment.

Join the Discussion
Post a Comment

Terms weren’t disclosed, but Matthew Peterson, vice president of the Utah Fund of Funds, which helped to bring Ares and CHG together, said Ares paid "hundreds of millions of dollars" for its stake.

Utah Fund of Funds said the Ares investment will support 820 jobs in Utah. CHG also employs close to 600 people in six other U.S. offices.

Founded in 1979, CHG helps hospitals and health care organizations hire physicians, nurses and other health care professionals.

Ares has $54 billion of investor capital under management. Leonard Green manages $15 billion.

"We are delighted to join Leonard Green in supporting CHG’s talented leadership team as long-term investors in the company," Bennett Rosenthal, senior partner at Ares, said.

J.W. Childs owned CHG for six years.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.