In connection with the transaction, NMS Operating Executive Council member Bob Livonius will serve as a board member of GrapeTree. The strength of the GrapeTree model is evident in its growth – in 2017 year-to-date, GrapeTree’s healthcare professionals have worked over 650,000 hours, an increase of over 50% percent from 2016, and the total number of healthcare professionals who worked at least one GrapeTree shift doubled to over 1,600 in the same period. With a focus on delivering a higher level of customer service, GrapeTree utilizes a vendor management platform that significantly improves fill rates by using its large network of affiliate suppliers, and automates delivery to enable the company to provide exceptional customer care. The company provides experienced, qualified professionals for as little as a single eight-hour shift or as long as a typical 13-week contract nursing assignment, and fulfills all of these needs from its headquarters in Milford, Iowa. GrapeTree is unique in its service offering, with a focus on CNA staffing in nursing homes and assisted living facilities, as well as LPNs and RNs in hospitals. Tim has done a fabulous job building his team and company culture, and NMS is proud to be a part of the bright and growing future of GrapeTree.”
Kevin Jordan, NMS Co-Founder and Managing Partner remarked, “Healthcare staffing has been an investment theme for NMS for some time now, and we are very excited by the market niche GrapeTree holds and their technology-enabled approach. “Bringing in outside capital and experience will not only advance the development of our team, culture and values, but will continue our growth right here in Milford.” “I’m excited to take GrapeTree to the next level with this partnership,” said Kinnetz. Through the extensive use of technology, GrapeTree has developed a platform able to deliver both per diem and contract staffing, enabling facilities to quickly and efficiently fill staffing needs with experienced healthcare professionals and allowing CNAs, LPNs and RNs to supplement their incomes by adding shifts to their work week.
Having worked extensively as a travel nurse himself, Tim was intimately familiar with the challenges faced by both the healthcare facility in need of supplemental staffing and the individual tasked with providing it. Tim Kinnetz founded GrapeTree in 1999 in his hometown of Milford, Iowa. In connection with the transaction, NMS has made a substantial capital commitment to support the future growth of GrapeTree through adding employees, expanding service offerings and making strategic acquisitions. GrapeTree will serve as the platform investment in NMS’ effort to build an industry-leading provider of CNA and RN staffing to long-term care facilities and hospitals on both a per diem and contract basis. Through the utilization of the latest technology to help streamline staffing and scheduling, GrapeTree has experienced tremendous growth over the past few years, employing 127 office staff that manages more than 4,000 healthcare employees working in approximately 1,400 facilities in an eleven-state area – Iowa, Minnesota, South Dakota, Nebraska, Missouri, Illinois, Wisconsin, Indiana, Kansas, Michigan and Ohio.New York, NY, Octo– New MainStream Capital (“NMS”) announced today that it has partnered with company Founder Tim Kinnetz in the recapitalization of GrapeTree Medical Staffing, LLC (“GrapeTree”). Field staff are fully qualified and credentialed, including a comprehensive application, background checks, licensing verification, certifications and required trainings, and above-and-beyond skills checklists. Patient and resident care is the top priority for GrapeTree. GrapeTree is certified by The Joint Commission, recognized nationwide as a “Gold Seal of Approval” and a symbol of quality that reflects an organization’s commitment to meeting high performance standards. Founded in 1999, GrapeTree Medical Staffing is a healthcare staffing agency that provides staffing solutions to hospitals, long-term care and assisted living healthcare facilities across the Midwest by providing RNs, LPNs, CNAs and Med Aides to fill last minute or long-term shifts left by staffing shortages.
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