Nurse Staffing Attrition Thoughts?

January 11, 2022

by a searcher from Harvard University - Harvard Business School in Williston Park, NY, USA

Hi all,

Have a nurse staffing business under LOI and in DD.

They have W2 nurses that that staff out to hospitals and long term care facilities.

Company has been growing every year but did some analysis and found that they have 50% nurse attrition every year and over the past 5 years, less than 5% come back per year. Still working thru the drivers of that but curious to hear if anyone has any experience in this space and can lend any thoughts on if this is typical for the space or if its a huge red flag.

Thanks!

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Reply by a professional
from University of Southern California in North Palm Beach, FL, USA

More essential than ever: Interview employees before buying a business. And so is doing it the right ways at the right times. Watch my webinar recording: https://youtu.be/fOvfLJoW8Qk. You get a list of 20 questions. You'll hear how business buyers are blindsided by the seller's employees. And how to avoid it. Perspective: The pandemic is accelerating the decisions of employees and employers. Increasing dissatisfaction and changing expectations is something searchers need to delve deeply into before buying companies. Get this wrong, or too late, and you could (and probably will) regret your M&A transaction. We can Zoom if you want to talk about it.

Reply by a searcher
from Dartmouth College in San Diego, CA, USA

There are two competing trends - healthcare providers (hospitals, clinics, nursing homes, etc.) are under significant financial stress because of the pandemic. My wife's hospital had to stop all elective procedures for months because of a lack of ICU beds. For this and many other compounding reasons their finances are a wreck. Conversely, nurses have been working crazy hours without a ton of support. They've been asked to work more hours, see more patients, go through burdensome protocols. But healthcare providers aren't in a place to give big raises or increase staffing to make it easier. My wife and all her coworkers are absolutely burnt out.

What your seeing might be higher than normal, or normal might have changed.

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