Shearwater Health, a private equity-backed nurse staffing and technology provider, has appointed Harris Williams to conduct a sale process, according to three sources familiar with the situation.

Nashville-based Shearwater, a portfolio company of Windrose Health Investors since 2015, generates around USD 50m in EBITDA, two of the sources said. A sale process has not yet been launched, they added.

Shearwater, formerly called HCCA Health Connections, provides remote and on-site nurses and other clinicians to hospitals and other medical sites globally, with over 4,000 employees including clinicians in its roster, according to its website.

The company also provides clinical process outsourcing services, including medical coding, revenue cycle management and others aimed at saving costs. It has a significant presence in the Philippines, it said.

A sale would come amid a severe US shortage of registered nurses (RNs) and related personnel at hospitals, with federal authorities projecting a shortage of 78,610 full-time RNs in 2025, according to the American Association of Colleges of Nursing.

New York-based Windrose, formerly called MTS Health Investors, acquired then-called HCCA from Chrysalis Ventures, Claritas Capital and First Avenue Partners for an undisclosed price. Cain Brothers and DLA Piper provided financial advice and legal counsel respectively, according to Mergermarket’s database.

Shearwater, Harris Williams and Windrose did not respond to requests for comment.