HealthStream (Nasdaq: HSTM), a Nashville, Tenn.-based , acquired ShiftWizard, Inc., a Raleigh, North Carolina-based company focused on providing a SaaS-based solution that integrates key workforce management capabilities.
The deal amounted to approximately $32.0m in cash, subject to working capital and other customary purchase price adjustments.
Led by Deb Woods, Chief Executive Officer, and Christian Pardue, RN, Co-founder & Chief Product Officer, ShiftWizard is focused on providing a SaaS-based solution that integrates key workforce management capabilities including scheduling, productivity, and forecasting.
With the acquisition, HealthStream expands its portfolio of solutions for nurse and staff scheduling, which began earlier in 2020 with the acquisition of NurseGrid. NurseGrid helps hundreds of thousands of nurses coordinate their work schedule and non-work activities. Adding ShiftWizard to HealthStream’s offerings affords HealthStream greater reach to the healthcare workforce—across both the organizational and individual levels.
Led by Robert A. Frist, Jr., Chief Executive Officer, HealthStream provides a suite of solutions contracted by healthcare organizations across the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. The company has additional offices in Jericho, New York; Boulder; Colorado; Denver, Colorado; San Diego, California; Chicago, Illinois; and Portland, Oregon.