4.5.3.2Vertical
Locum Tenens Firms
Companies placing physicians in temporary clinical assignments.
Market snapshot
These figures describe Locum Tenens & Physician Staffing (4.5.3), the segment that Locum Tenens Firms sits within. They are not figures for Locum Tenens Firms on its own.
FragmentationConsolidatingEstimate
Within temporary help (NAICS 561320), tracked under Business Services Staffing; locum tenens is not separately sized by the Census Bureau.
Business model & economics
Revenue model
Bill-rate markup on physician and APP placements
Key economics
- Recurring revenue
- Moderate
- EBITDA margin
- Higher than nurse staffing
- Capex intensity
- Low
recurring coverage relationships
physician margins
Characteristics
- Higher-margin than travel nursing.
- Physician shortages and rural coverage drive demand.
- Scale and credentialing are competitive advantages.
M&A deal context
Deal activityHigh
Who’s acquiring
- Scaled locum-tenens firms
- Physician-staffing consolidators
- PE-backed platforms
What’s driving deals
- Consolidation around scaled locum platforms.
- Structural physician-shortage demand.
- Advanced-practice-provider growth.
Find Locum Tenens Firms acquisition targets
Search Acquisera’s index for companies classified under Locum Tenens Firms (4.5.3.2) and build a targeted deal pipeline.
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