Houlihan Lokey Advises MPLT Healthcare Holdings

Houlihan Lokey is pleased to announce that MPLT Healthcare Holdings, LP (MPLT), a subsidiary of P2P Staffing Corp., a portfolio company of A&M Capital Partners (A&M Capital), has been acquired by Cortec Group (Cortec). The transaction closed on August 14, 2025.

Founded in 2012 and headquartered in Boca Raton, Florida, MPLT is a leading provider of locum tenens staffing, placing physicians and advanced practice providers in temporary positions at hospitals and healthcare systems nationwide. As healthcare systems face ongoing pressure to maintain access to care amid persistent provider shortages, demand for locum tenens services continues to increase. MPLT has consistently achieved above-market growth by delivering white-glove service, rapid placement, and long-term value to clients. The company’s reputation for reliability and client focus has fueled expansion across a diverse range of health systems, hospitals, and clinics nationwide.

“MPLT has built a differentiated business, grounded in a culture of excellence and a commitment to service,” said Rob Whipple, Managing Partner at Cortec. “We’re thrilled to partner with Liz, Jay, and the rest of the management team to support MPLT’s expansion and reinforce the critical role MPLT plays in improving healthcare access.”

As part of the transaction, MPLT’s leadership team, including CEO Liz Hale and Founder Jay Mays, will continue to lead the company and retain a significant ownership stake in the business. With Cortec’s support, MPLT plans to accelerate its strategic initiatives, including investment in technology and operational infrastructure, expansion into new clinical specialties, and targeted acquisitions.

“Our success has always been rooted in our unwavering commitment to delivering world-class service to both our clients and our clinicians,” said Liz Hale. “We’re incredibly proud of the business we’ve built. Partnering with Cortec gives us the resources and strategic support to scale our mission while preserving the culture and service standards that set us apart.”

Alex Nivelle, Partner at A&M Capital, added, “We are proud to have supported the evolution of the MPLT platform as it developed into the industry leader it is today. We believe that the business is well-positioned for future growth, and we are confident that Liz, Jay, and the MPLT team will have continued success in partnership with Cortec.”

Houlihan Lokey served as the lead financial advisor to MPLT in this transaction.

Houlihan Lokey’s Human Capital Management team is among the most active M&A advisors in the market, having closed 32 HCM transactions since 2021. This most recent transaction further strengthens Houlihan Lokey’s leadership in the business services universe and highlights continued momentum and leadership in the HCM sector, which includes staffing, recruitment, VMS, MSP, RPO, talent management, and PEO.

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