Highlander Partners Makes Investment in Martin Fletcher, Facilitates Launch of Martin Fletcher’s Allied Travel and RPO Divisions

Dallas, Texas, June 1, 2009 – Highlander Partners, L.P., an investment firm focusing on private equity investments in mid-market companies, today announced that it has completed a follow-on investment in its Martin Fletcher Associates Holdings, Inc. portfolio company (“Martin Fletcher”) providing recruitment and staffing services to the healthcare industry. The investment will facilitate Martin Fletcher’s launch of its Allied Travel and Recruitment Project Outsourcing (RPO) Divisions as well as support its rapidly growing Locum Tenens division which began operations in January 2008.

Highlander Partners made its initial investment in Martin Fletcher in December 2005 and since then the company has made significant progress with its Permanent Placement division, the only division existing at the time of the initial investment. In 2008, Martin Fletcher launched its Locum Tenens division, providing temporary placements of physicians throughout the United States. Locum Tenens has shown remarkable growth and is continuing to perform well despite the softness of the healthcare staffing market. Highlander Partners continues to believe in the long term prospects of the healthcare staffing market, and it is convinced that this is the right environment to invest into the company’s future. The expansion into the Allied Travel and RPO areas were identified as the two areas offering the most potential given the company’s internal resources and the trends in the marketplace.

The newly-launched RPO division will provide Martin Fletcher’s customers with tailored end-to-end recruitment services, managing the entire staffing process from initial candidate sourcing through the hiring, licensing and relocation of a qualified candidate. The RPO arrangement is set up as a proactive rather than reactive approach to traditional recruitment partnerships, and enables customers to utilize Martin Fletcher’s experience and proprietary resources to maximize the success rates of staffing projects and significantly reduce cost-per-hire.

Martin Fletcher’s new Allied Travel division will place qualified allied healthcare professionals on temporary assignments with medical facilities. The initial areas of focus will include physical therapists, physician therapy assistants, occupational therapists, occupational therapist assistants, speech therapists, respiratory therapists and other specialties.

The new divisions will be located at Martin Fletchers’ headquarters in Irving, Texas and will service customers across the United States. The typical clients will include hospitals and hospital systems, pharmacies, rehab companies, home health companies and imaging centers.

“Our expansion into the Allied Travel and RPO spaces is a natural extension of our current capabilities and the infrastructure that we have developed over the years. The Allied Travel market is experiencing double digit growth in many specialties, and Martin Fletcher will leverage its experience in Locum Tenens to capitalize on the growth trends in this marketplace. RPO is a natural evolution in the recruitment process for many healthcare facilities, and we are on the front end of the changes in the way those facilities carry out the staffing process. By launching its RPO service, Martin Fletcher is responding to the demands of its customers, and the company expects that this will be a cost-effective offering for many of our clients,” stated Russel Hicks, President of Martin Fletcher. “We are pleased that Highlander Partners shares our vision for the future, and we are dedicated to continuous growth strategy in all the divisions of the company.”