Francisco Partners Completes Acquisition of HealthcareSource

May 27, 2015

 

HealthcareSource logo

SAN FRANCISCO, CA and WOBURN, MA – May 27, 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 Capital Partners.

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

Financial terms of the transaction were not disclosed.

###

To learn more about HRchitect and how we can help your organization and your Human Capital Management (HCM) technology needs, please visit www.HRchitect.com. As the leader in HCM Systems strategic consulting, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation and selection, change management, implementation, project management and ongoing support of HCM systems of all types including Talent Acquisition, Talent Management, Learning Management, Workforce Management, Benefits, Core HR/Payroll, and more. After more than 18 years in business working on over 2100 successful engagements for more than 1000 clients of all sizes and industries across the globe, our experience is vast. We have expertise around all major HCM systems including IBM Kenexa, Oracle, Taleo, WorkForce Software, Ultimate Software, Saba, Benefitfocus, SumTotal Systems, SAP, SuccessFactors, Lumesse, PeopleFluent, Cornerstone OnDemand, Infor, and more. HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Press releases posted on HCM Tech Vendor News are provided to HRchitect by the technology vendors and posted by HRchitect as a service to our readers.

Share: