Symplr Completes Acquisition of HealthcareSource from Francisco Partners
The healthcare operations solution provider, symplr, recently announced that it has completed its acquisition of HealthcareSource HR Inc, (HealthcareSource) from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Through this transaction, Francisco Partners joins Charlesbank Capital Partners as new investors in the symplr platform alongside Clearlake. The terms of this acquisition were not disclosed.
HealthcareSource presents a talent management suite focused entirely on the healthcare industry with a number of features including applicant tracking, onboarding, learning management, performance management, and much more. HealthcareSource recognizes that the key to providing quality patient service is to find the ideal candidate for the job. This vendor prides itself on bringing together software, service, content, and analytics to help healthcare organizations build a highly trained workforce. Recently, HealthcareSource was acquired by symplr for an undisclosed amount.
HealthcareSource’s talent management software and services broaden symplr’s product portfolio with solutions designed to improve hiring speed, staff engagement, team skillsets, and employee retention while reducing premium labor spend. Through integration with symplr’s workforce management software and deep credentialing capabilities, the combined talent management platform will offer healthcare organizations a more cost-effective and process-efficient solution to hire, keep, optimize, and grow their workforces.
In a press statement, Michael Grossi, CEO of HealthcareSource, said, “for over two decades, the HealthcareSource mission has been to help healthcare organizations hire, keep, and grow quality talent to more effectively and efficiently deliver quality care for their patients and residents. With this acquisition, we can better deliver on this promise through the expanded breadth and depth of the symplr software and services portfolio, driving even more impactful results for our customers.”
Growth through strategic acquisitions, combined with strong organic growth and product integration, are integral parts of symplr’s strategy to provide an enterprise software platform for managing healthcare operations. This acquisition represents symplr’s twelfth acquisition in the past six years, and its seventh under sponsorship from Clearlake since November 2018.
To learn more about HealthcareSource, click here.