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Illustration: Brendan Lynch/Axios

Centerbridge Partners and Caisse de dépôt et placement du Québec are in talks to buy Omaha-based travel nurse staffing firm Medsol from TPG for around $2.3 billion, per Bloomberg.

Why it matters: Medical temp needs were expected to surge pre-pandemic, due to aging baby boomers, but they're now in hyperdrive as hospitals struggle to keep pace with unvaccinated COVID patients.

ROI: TPG paid around $500 million to buy Medsol from other private equity firms in 2017.

The bottom line: "Health systems are seeing higher turnover and attrition, and more vacant positions that take longer to fill in some cases due to worker burnout, which was high among health-care workers even before the pandemic. Demand is highest for nurses, who make up the largest part of the clinical workforce." — Michelle Davis & Kiel Porter, Bloomberg

Go deeper

Updated Oct 7, 2021 - Axios Events

Watch: A conversation on bridging gaps in health access

On Thursday, October 7, Axios health care reporter Marisa Fernandez and managing editor for politics Margaret Talev discussed what’s next for ensuring access to quality health care, featuring Rep. Raul Ruiz and Biotechnology Innovation Organization president and CEO Dr. Michelle McMurry-Heath.

Rep. Raul Ruiz illustrated his community outreach efforts to vaccinate his California constituents, the biggest obstacles to receiving the vaccine in underserved communities, and how he believes issues of health care access extend far beyond the pandemic.

  • On why many of his constituents had not yet received the COVID vaccine: “I can tell you by far, it’s not vaccine hesitancy. It is a lack of resources and know-how and being able to overcome the barriers that already exist in an underserved community with a lack of physicians, a lack of doctors, a lack of resources, clinics, a lack of health education, also in a language that they would understand, a lack of transportation.”
  • On broader lessons to consider for the future of health care: “The other thing that we need to take away from this is that our health care workforce is quite fragile. We saw a lot of the front lines break, not just in terms of the lack of personnel that was available for the enormous amount of hours that were required to take care of the really sick patients, but also the fatigue and the anxiety and the stress and those that got sick and were quarantined or died really made a negative difference during this pandemic.”

Michelle McMurry-Heath explained how the biomedical innovation industry is responding to a lack of equitable health care access, how clinical trials can better reflect diverse populations, and the biggest challenges in access to drug development.

  • On how the biomedical industry is responding to the issue of health care access highlighted by COVID-19: “I think the most important thing to state is that all of the companies are really dedicated to making sure they’re not just working incredibly hard to find vaccines and cures, but that they are working just as hard to make sure that those products reach every patient who needs them. We are not out of this pandemic until everyone around the globe is safe from COVID. We have a lot of work to go before we sleep.”
  • On the lack of representation for minority communities in clinical trials: “If you look at what’s available to physicians today, there are not a lot of clinical options for diseases that are ravaging minority communities like Type 2 diabetes, like heart disease, like stroke. The true answers for disadvantaged communities are still on the research south.”

Axios VP of Communications Yolanda Brignoni hosted a View from the Top segment with Genentech SVP of Access and External Affairs Fritz Bittenbender, who discussed the importance of research efforts focused on improving health care for underserved communities.

  • “We continue to focus there both in terms of clinical trials and trying to diversify our clinical trial base to have more access...but also on the health care policy side, ensuring that any policy that the state, local or federal governments are enacting are thinking about health equity with a significant policy lens when they’re talking about changes to our health care system.”
1 hour ago - Technology

Scoop: Facebook exec warns of "more bad headlines"

Illustration: Annelise Capossela/Axios

In a post to staffers Saturday obtained by Axios, Facebook VP of global affairs Nick Clegg warned the company that worse coverage could be on the way: “We need to steel ourselves for more bad headlines in the coming days, I’m afraid.”

Catch up quick: Roughly two dozen news outlets had agreed to hold stories based on leaked materials from Facebook whistleblower Frances Haugen for Monday publication — but the embargo fell apart Friday night as participating newsrooms posted a batch of articles ahead of the weekend.

"Atmospheric river" to whiplash Northern California from drought to flood

A map depicting 24-hour preciptation forecast (inches) ending Monday at 5a.m. local time. Photo: NOAA

A series of powerful "atmospheric river" storms are set dump historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest from this weekend, forecasters warn.

Why it matters: A strong atmospheric river, packing large amounts of moisture, is predicted to whiplash Northern California from drought to flood.