Strategic Acquisition Enhances Smartlinx’s Ability to Address Critical Staffing Challenges
Smartlinx, a leading provider of workforce management solutions for senior care organizations, has acquired StafferLink, a provider of contingent staffing management software for the healthcare industry.
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StafferLink’s cloud-based Vendor Management System (VMS) and Agency Staffing Management (ASM) software products were purpose-built for healthcare facilities, agencies and managed service providers (MSPs) to source, manage and pay their contingent workforce. In aggregate, StafferLink is used to fill over 2 million shifts and manage over $1 billion of spend annually across more than 2,000 agencies. Together, Smartlinx and StafferLink will be able to deliver end-to-end solutions that enable healthcare organizations to optimize their utilization of full-time and supplemental staff.
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“We are thrilled to welcome StafferLink to the Smartlinx family,” said Mark Stoever, CEO of Smartlinx. “This acquisition furthers our mission to provide comprehensive workforce management solutions to senior care facilities and other healthcare organizations. Together, we will innovate to address the industry’s staffing shortages and other workforce challenges.”
“StafferLink is excited to join forces with Smartlinx to help streamline healthcare workforce management,” said Jay Madsen, CEO of StafferLink. “Smartlinx and StafferLink share a passion for solving complex staffing challenges, and our combined expertise will enable us to elevate our offerings and deliver even greater value to our customers.”
The acquisition was backed by Lone View Capital and follows their investment in Smartlinx in 2023. Leerink Partners served as exclusive financial advisor and Choate Hall & Stewart LLP served as legal counsel to StafferLink. Lincoln International served as exclusive financial advisor, Holland & Knight LLP served as legal counsel and Ropes & Gray LLP served as financing counsel to Smartlinx.
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Source – businesswire
