Smartlinx, a prominent provider of workforce management solutions tailored for senior care organizations, has announced its acquisition of StafferLink a recognized name in contingent staffing management for the healthcare sector. This strategic move aims to bring together powerful technologies to offer comprehensive workforce solutions that streamline staffing operations and tackle labor shortages in healthcare.
Highlights of the Acquisition:
-
About StafferLink:
-
Provides cloud-based Vendor Management System (VMS) and Agency Staffing Management (ASM) solutions.
-
Specifically designed for healthcare facilities, staffing agencies, and managed service providers (MSPs).
-
Supports over 2,000 agencies, managing $1 billion in annual spend and filling more than 2 million shifts each year.
-
-
Strategic Impact:
-
Combines Smartlinx’s workforce optimization tools with StafferLink’s staffing software.
-
Delivers end-to-end staffing and workforce management capabilities for healthcare organizations.
-
Enables efficient sourcing, management, and compensation of both full-time and contingent staff.
-
-
Statements from Leadership:
-
Mark Stoever, CEO, Smartlinx:
Expressed enthusiasm about the acquisition, highlighting its alignment with Smartlinx’s mission to address staffing shortages through innovation and comprehensive solutions. -
Jay Madsen, CEO, StafferLink:
Emphasized the synergy between the two companies and their shared passion for solving complex staffing challenges in healthcare.
-
-
Backing and Advisory:
-
Acquisition supported by Lone View Capital, following its 2023 investment in Smartlinx.
-
Financial Advisors:
-
Leerink Partners (StafferLink)
-
Lincoln International (Smartlinx)
-
-
Legal Counsel:
-
Choate Hall & Stewart LLP (StafferLink)
-
Holland & Knight LLP and Ropes & Gray LLP (Smartlinx)
-
-
The acquisition of StafferLink marks a significant step in Smartlinx’s strategy to become a full-spectrum provider of healthcare staffing solutions. By merging their expertise, both companies are well-positioned to offer scalable, tech-driven staffing management that meets the evolving demands of healthcare facilities. The combined strength aims to mitigate staffing shortages, increase operational efficiency, and ultimately improve patient care outcomes.
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations, investor relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX network. Business Wire’s global newsrooms are available to meet the needs of communications professionals and news media worldwide.
