Doximity acquired Curative Talent (formerly THMED, LLC) for $34.7 million, a transaction completed in April 2020, structured as Cash-and-stock business combination - $33.6M cash plus 689,656 shares of common stock valued at ~$1.1M (acquisition-date fair value of consideration $34.7M)..
Curative Talent (formerly THMED, LLC) operates in Hiring Solutions, is based in United States, had revenue of about Revenue from temporary and permanent medical recruiting services was not significant to Doximity's total revenue in the years following the deal.. Doximity acquired THMED, LLC (subsequently renamed Curative Talent, LLC), a medical recruiting agency providing temporary and permanent healthcare staffing services to hospitals, medical groups, and other healthcare facilities across the United States.
Augmented Doximity's self-service Hiring Solutions with a higher-touch, recruiter-led service so health systems could source both locum-tenens and permanent staffing on Doximity's platform.
Gave Doximity a recruiter-led delivery arm to complement its data-driven, self-serve Hiring Solutions and serve health-system staffing demand end-to-end. Combined Doximity's physician data and network with Curative's recruiters to source both locum-tenens and permanent placements. Operated as Curative Talent, LLC within Doximity's Hiring Solutions. In October 2020 Doximity sold a portion of the Curative Talent business for $4.7M total consideration, recognizing a non-recurring gain; the divested net assets were not material. Curative Talent, LLC remains a Doximity subsidiary.
Advisory firms were not disclosed for this transaction.