TPG Growth, the growth capital arm of U.S private equity firm TPG Global, has agreed to acquire Medical Solutions, a U.S. medical staffing company, for around $500 million, people familiar with the matter said on Monday.

The deal underscores how companies that supply skilled nurses are becoming increasingly popular with investors, as the supply of new nurses entering the job market has failed to keep up pace with the demands of an aging population.

A deal is expected to be announced later on Monday, the sources said, asking not to be identified ahead of any official statement. TPG and Medical Solutions declined to comment.

READ FULL ARTICLE HERE