Sun. Jan 29th, 2023

ShiftKey, a tech platform that connects senior care staffers in search of work with employers, has a brand new $300 million money infusion that may transfer the agency ahead in direction of its subsequent part of development.

Dallas, Texas-based ShiftKey provides a platform the place r licensed well being care employees together with registered nurses, licensed medical assistants and clinicians can seek for and take open shifts at expert nursing amenities, senior residing communities, clinics and hospitals. Customers can choose alternatives based mostly on numerous desired components equivalent to job degree or location.

Axios was first to report on the information Wednesday.

The service is much like that provided by different staffing tech firms, together with Kare, which launched in 2019 with the same objective to ease staffing challenges by connecting staff and communities.

In June, ShiftKey made an funding in senior housing and care workforce firm OnShift with a objective of addressing present senior residing business labor points and lowering using third-party staffing businesses.

With its relationship with OnShift, Ellis mentioned the partnership was already paying off by permitting employers to enhance operations in a number of methods, from spending much less time on staffing points and extra time on affected person care to extra carefully managing prices. 

“It’s a strong device that we consider will carry the business to a brand new degree of effectivity,” Ellis instructed Senior Housing Information.

At the moment, practically three-fourths of ShiftKey’s shopper base consists of expert nursing operators, with just below 1 / 4 in senior residing and the remainder in well being care.

Majority investor Lorient Capital led the newest funding spherical, which was accomplished in coordination with the Ares Administration Secondaries fund and Pantheon. Extra backers included Clearlake Capital and Well being Velocity Capital, Ellis instructed Senior Housing Information.

With the newest funding, the corporate is now valued at over $2 billion, ShiftKey CEO Tom Ellis instructed Senior Housing Information.

Ellis mentioned ShiftKey’s scalability “transcends healthcare and is poised to revolutionize your entire licensed skilled workforce.”

“As ShiftKey continues to develop, we’re targeted on offering companies with the instruments, knowledge and entry to unbiased professionals to run their companies at scale and supply reduction for his or her present workforce,” Ellis mentioned.

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