ICON Medical Network, a national locum tenens provider founded in 2010 and specializing in physician and advanced practice staffing, was acquired by healthcare staffing industry leader Janet Elkin in a transaction exclusively advised by Momentum Advisory Partners.
Los Angeles, CA — March 16, 2021 — Momentum Advisory Partners LLC is pleased to announce that ICON Medical Network (“ICON”), a national locum tenens provider creating solutions for physician and advanced practice staffing, has been acquired by healthcare staffing industry leader Janet Elkin. Momentum Advisory Partners served as exclusive financial advisor to ICON Medical Network.
With nearly two decades of experience in the healthcare industry, Elkin’s knowledge drives ICON forward with the ability to answer the growing physician staffing demand in markets across the country. Ashley Simpson, Co-Founder and Managing Partner of ICON, remained on board and serves as Chief Development Officer.
Janet Elkin brings an unparalleled track record to the role: inducted into the Staffing Industry Analysts Hall of Fame in 2016, recognized by HRO Today as a Superstar in 2015 and 2019, named Staffing Industry Analysts Global Power 50 Women in Staffing in 2020, and former President and CEO of Supplemental Health Care for 13 years.
“ICON Medical Network has a stellar reputation in the industry due to the out-of-the-box thinking that the team has been driving for over a decade. Together, we have the network and experience to advance locum tenens in the healthcare industry, while continuing to put people first.”
— Janet Elkin, CEO, ICON Medical Network
“Akash Taneja was an invaluable resource to my partner and I long before we were actively considering a sale of our company. I always felt like I could lean on him as a resource throughout the entire process. His experience, knowledge, and insight as a specialist in the staffing industry were crucial to the success of the sale of ICON. His connections within the industry ultimately led us to an introduction to Janet and for that, we could not be happier.”
— Ashley Simpson, Co-Founder & Managing Partner, ICON Medical Network
About the Transaction
The sale of ICON Medical Network is a testament to the power of long-term relationships: Akash had served as a trusted resource to ICON’s founders well before they were actively considering a sale, and when the time came, his network within the industry produced the right buyer.
For Janet Elkin, one of the most decorated executives in the healthcare staffing sector, the acquisition of ICON represents an opportunity to build on the firm’s decade-long reputation in locum tenens staffing. Ashley Simpson’s continued role as Chief Development Officer ensures operational continuity and preserves the culture that defined ICON’s growth.
About ICON Medical Network
ICON Medical Network is a locum tenens provider creating national solutions for physician and advanced practice staffing. Founded in 2010, the company places physicians and advanced practitioners on locum tenens assignments at hospitals, health systems, medical practices, clinics, and other healthcare facilities throughout the United States. For more information, visit www.iconmedicalnetwork.com.
About Janet Elkin
With nearly 25 years of experience, Janet Elkin is a recognized leader in the healthcare staffing industry. She was inducted into the Staffing Industry Analysts Hall of Fame in 2016, recognized by HRO Today as a Superstar in 2015 and 2019, and named to the SIA Global Power 50 Women in Staffing in 2020. She served as President and CEO of Supplemental Health Care for 13 years.
About Momentum Advisory Partners
Momentum Advisory Partners is a boutique M&A advisory firm focused exclusively on the staffing and workforce solutions industry. The firm provides high-touch advisory services to founder-led and privately held firms, delivering strategic guidance and hands-on support throughout the transaction lifecycle. Since its founding in July 2020, Momentum has completed eight transactions across IT staffing, healthcare staffing, life sciences, and executive search. For more information, visit momentumadvisorypartners.com.