Posted on 15 December 2014.
Jacksonville-based Scribe Solutions, Inc. has been acquired by publicly-traded Chicago-based staffing firm General Employment Enterprises, Inc., according to a company announcement today.
The acquisition positions General Employment and Scribe Solutions to grow significantly, with three prominent Jacksonville business success stories leading it.
Derek Dewan will become General Employment’s chairman and chief executive officer. He is currently Scribe Solutions’ chairman and CEO. Alex Stuckey, president at Scribe Solutions, will become president and chief operating officer of General Employment. He will also serve as COO at Scribe Solutions. Scribe Solutions founder Mary Claire Menze will be Scribe Solutions’ president.
“This allows us to have a platform to grow Scribe Solutions by being better funded, having more resources and the ability to grow both organically and via acquisition within the U.S. and perhaps abroad,” Dewan said. “Keeping our leadership team in place will enable us to offer even higher levels of customer service throughout our expansion.”
Dewan was instrumental in building AccuStaff, later MPS Group, from its formation through the financing and merger of the four independent companies into a billion-dollar global brand in the professional staffing industry. In 1994, he took the company public in a $22 million initial public offering. In 1995 and 1996, Mr. Dewan led the successful secondary stock offerings of $110 million and $370 million respectively. He served as chairman from 1994 until Adecco Group, the world’s largest staffing company, acquired it in 2009, in a $1.3 billion transaction. Under his leadership, AccuStaff made the Wall Street Journal’s “top performing stock list” for three consecutive years. He was previously managing partner at what is now PricewaterhouseCoopers.
Stuckey created the fire protection business Fire Fighters Equipment Co., growing it from startup status to multi-million-dollar annual revenue as well as double-digit net profits. He sold it to S&P 500 Company Cintas in 2009. Prior to launching Fire Fighters, Stuckey worked at Barnett Bank as a special asset officer where he handled large non-performing/non-conforming commercial loan portfolios.
Menze started Scribe Solutions in 2008, and grew it very quickly. Scribe Solutions expects more growth based on the increase in electronic documentation of medical records in today’s health care industry. She previously worked in sales for XPress Technologies.
“Since day one, our passion and a solid business plan have directed our growth,” Menze said. “We have renewed passion and new resources to continue what we do best.”
Dewan expects, with his leadership team and the resources of General Employment Enterprises, that General Employment and Scribe Solutions can emulate the same success track he had with AccuStaff and MPS Group.
“Scribe Solutions expects to grow very quickly, with strategic acquisitions and enhancement of our service offerings in the near future,” Dewan says. “We’re working to become the next MPS Group, a global leader in our niche.”
After consummation of the transaction, General Employment Enterprises’ chief executive officer Andrew Norstrud will return as its chief financial officer.
Scribe Solutions, Inc. is a staffing company that places medical scribes in emergency departments, specialty practices, clinics and other healthcare settings throughout the country. Medical scribes increase physician productivity and allow for precise documentation of patient care. In today’s world of electronic medical records, Scribe Solutions has been able to leverage this pressing need.
About Scribe Solutions, Inc.
Scribe Solutions, formed in 2008, meets the demands that physicians face with overcrowded waiting rooms and overcomes the challenges presented by electronic medical records (EMR) and the rising cost of quality patient care. By providing physicians with personal assistants (medical scribes), Scribe offers turnkey programs in which it recruits, qualifies, hires and trains resources to serve as scribes at sites across the United States and alleviates the burden of documentation and clerical duties. Scribe Solutions has developed a low-cost staffing solution that improves productivity by providing scribe programs to emergency departments, physician practices and outpatient and inpatient facilities. http://www.scribesolutions.com/
About General Employment Enterprises, Inc.
General Employment Enterprises, Inc. was incorporated in the State of Illinois in 1962 and is the successor to employment offices doing business since 1893, providing staffing services through a network of offices located in the United States. The company operates in two industry segments, providing professional staffing services and solutions and light industrial staffing services through the names of General Employment, Ashley Ellis, Triad and Omni-One. http://www.generalemployment.com/