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.
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