4.5.3.2Vertical
Locum Tenens Firms
Companies placing physicians in temporary clinical assignments.
Market snapshot
These figures describe Locum Tenens & Physician Staffing (4.5.3), the segment that Locum Tenens Firms sits within — not Locum Tenens Firms on its own.
FragmentationConsolidatingEstimate
Within temporary help (NAICS 561320), tracked under Business Services Staffing; locum tenens is not separately sized by the Census Bureau.
Business model & economics
Revenue model
Bill-rate markup on physician and APP placements
Key economics
- Recurring revenue
- Moderate
- EBITDA margin
- Higher than nurse staffing
- Capex intensity
- Low
recurring coverage relationships
physician margins
Characteristics
- Higher-margin than travel nursing.
- Physician shortages and rural coverage drive demand.
- Scale and credentialing are competitive advantages.
M&A deal context
Deal activityHigh
Who’s acquiring
- Scaled locum-tenens firms
- Physician-staffing consolidators
- PE-backed platforms
What’s driving deals
- Consolidation around scaled locum platforms.
- Structural physician-shortage demand.
- Advanced-practice-provider growth.
Find Locum Tenens Firms acquisition targets
Search Acquisera’s index for companies classified under Locum Tenens Firms (4.5.3.2) and build a targeted deal pipeline.
Search companies