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October 17, 2005 DCA Capital Partners announces the close of its equity capital investment into Valley Healthcare Systems, Inc.Growth capital will allow leading nurse staffing firm to expand its market presence in CA and the broader U.S. Roseville, CA – October 17, 2005 — DCA Capital Partners, a Roseville–based private equity fund formed to invest in later–stage, growth companies in the Sacramento/Central Valley and the Southwest, is pleased to announce the close of its equity investment into Valley Healthcare Systems, Inc. (VHS). VHS, based in Sacramento, CA, is a leading provider of healthcare staffing services focused on providing nursing resources to hospitals and other healthcare organizations throughout California. The proceeds of the financing will be used primarily to further enhance their service offering to nurses, aggressively expand their hiring of recruiters and enhance their relationships with the hospital community within CA as well as across the U.S. “We believe VHS is addressing a significant, long–term market opportunity driven by the imbalance in nurse supply and demand, particularly in California,” states DCA Capital General Partner Jeremy Wolfe, who will also be joining the board of VHS. “We’re impressed by the platform that the VHS team has built, and believe that they have the strategy and now the capital to be a leader in the sector.” “We are looking forward to partnering with DCA to build off the success we’ve already had with VHS, and believe that this investment will enable us to dramatically increase our rate of growth,” said Tim Coxen, co–CEO of VHS, in a statement issued by the Company. “We are targeting this capital toward continued hiring of new recruiters, enhancing the benefits we provide to our nurses, and furthering our investment in technology and infrastructure,” added Steve Swan, co–CEO. VHS was also recently recognized by the Sacramento Business Journal as the fastest–growing company in the Sacramento region. About DCA Capital Partners DCA Capital provides expansion capital for the purpose of both investing in strategic and operational growth or acquisitions, as well as funding full and partial liquidity to business owners interested in diversifying their risk. The Fund will also invest selectively in divisional spinouts/divestitures and industry consolidation opportunities. For additional information contact: |
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