Private equity firm Francisco Partners, a global technology-focused private equity firm, has signed a definitive agreement to acquire HealthcareSource, a provider of talent management solutions for healthcare.
The transaction, whose amount was not disclosed, is expected to close within approximately 30 days, following satisfaction of customary conditions.
Insight Venture Partners was the majority owner of HealthcareSource and seller.
This acquisition will accelerate investment in both internal development and future acquisitions.
Led by Peter Segall, president and CEO, who will continue to lead the company following the transaction, HealthcareSource is a provider of talent management solutions for the healthcare industry featuring applicant tracking, behavioral assessments, employee performance, compensation, learning management and eLearning courseware.
It has more than 2,500 healthcare clients.