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Francisco Partners Completes Acquisition of HealthcareSource

Francisco Partners Completes Acquisition of HealthcareSource

SAN FRANCISCO and WOBURN, MA – May 28, 2015 -- Francisco Partners, a global technology-focused private equity firm, announced it has completed its acquisition of HealthcareSource, the leading provider of talent management solutions for healthcare. Peter Segall and the existing executive team will continue to lead the company.

“The potential of this partnership became even more evident during our work with the Francisco Partners team in the last few weeks as the transaction closed,” said Peter Segall, president and CEO of HealthcareSource. “I am confident that the firm’s resources and expertise will advance HealthcareSource’s growth.”

HealthcareSource provides a robust suite of talent management solutions for the healthcare industry, including applicant tracking, behavioral assessments, employee performance, compensation, learning management and eLearning courseware. The company helps healthcare organizations recruit and retain the optimal workforce to help them lower costs and improve the patient experience.

HealthcareSource was previously owned by Insight Venture Partners, with a minority stake by Bulger Partners.

HealthcareSource was advised by William Blair & Company (Financial) and Willkie Farr & Gallagher LLP (Legal).

Financial terms of the transaction were not disclosed.

About HealthcareSource
With more than 2,500 healthcare clients, HealthcareSource is the leading provider of talent management solutions for the healthcare industry. The HealthcareSource Quality Talent SuiteSM helps healthcare organizations recruit, develop, and retain the best workforce possible in order to improve the patient and resident experience. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. A private company focused exclusively on the healthcare industry, HealthcareSource consistently earns high marks for client satisfaction and retention. HealthcareSource has been regularly ranked as a leader by KLAS Research for Talent Management, in addition to recognition in Healthcare Informatics 100, Modern Healthcare’s “Healthcare’s Hottest,” Inc. 500|5000, Deloitte Technology Fast 500, and Becker’s “150 Great Places to Work in Healthcare” list. To learn more about HealthcareSource visit: www.healthcaresource.com.