Philips International enters healthcare staffing with Nash Group acquisition

Philips International, a privately held real estate investment and development firm with roughly 300 holdings across the United States, has completed the acquisition of the healthcare consulting, technology and recruiting businesses run by The Nash Group, Inc., Advance Solutions International, Inc. and Nursing Advisory Services LLC, the buyer said in an August 6 announcement.

The deal is Philips International's entry into healthcare staffing. Founded in 1979 and based in Great Neck, New York, the firm concentrated on real estate until February 2025, when it launched a division to diversify its investments, according to Staffing Industry Analysts.

The Nash Group, established in 1992 and based in the Chicago area, works with hospitals on staffing optimization, acuity and workload analysis, operational performance and healthcare technology, alongside domestic and international nurse recruitment. Its workforce products include scheduling templates and tools for tracking workforce metrics and analytics, and on the staffing side it builds pipelines for employers to recruit international nurses.

That last capability is what drew the buyer. "Because nursing is in such high demand, nurse recruiting was a focus of ours," Adrian Miller, managing director of corporate M&A at Philips, said in an interview with SIA, describing healthcare as one of the firm's mandates. The M&A program began last year targeting healthcare, manufacturing, energy infrastructure and AI-related technology.

Miller also said the firm has no exit strategy comparable to a private equity acquisition and intends instead to grow the assets it buys.

David Ledersnaider, who previously served as CEO of the Nash Group and is now COO at Philips Group, framed the transaction in capital terms. "This partnership gives us the capital to scale our proven methodologies when health systems need operational efficiency," he said in the announcement, adding that clients would be supported by "enhanced technology, stronger recruitment infrastructure and deeper operational capacity."

Philips said it plans to invest in people, technology, business development capability and operating infrastructure while the Nash team continues serving customers and expanding market reach.