About HealthcareSource
HealthcareSource is a company based in Woburn (United States) founded in 1992 was acquired by Symplr in May 2021.. HealthcareSource has raised $11.17 million across 3 funding rounds from investors including Symplr, Francisco Partners and Bulger Partners. HealthcareSource has completed 5 acquisitions, including API Healthcare, Lean Human Capital and Netlearning. HealthcareSource offers products and services including symplr Operations Platform, Talent Management Solutions, and Workforce Management. HealthcareSource operates in a competitive market with competitors including athenahealth, Gusto, Paycor, Paychex and TriNet, among others.
- Headquarter Woburn, United States
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Healthcaresource Hr, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.17 M (USD)
in 3 rounds
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Latest Funding Round
$11.17 M (USD), Series B
Nov 02, 2010
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Investors
Symplr
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
API Healthcare
& 4 more
- Acquired by
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Products & Services of HealthcareSource
HealthcareSource offers a comprehensive portfolio of products and services, including symplr Operations Platform, Talent Management Solutions, and Workforce Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing healthcare operations and efficiency.
Tools for healthcare recruitment and employee development.
Solutions for optimizing healthcare staff data and scheduling.
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Funding Insights of HealthcareSource
HealthcareSource has successfully raised a total of $11.17M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $11.17 million completed in November 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $11.2M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Series B - HealthcareSource | Valuation |
investors |
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| Jun, 2009 | Amount | Series A - HealthcareSource | Valuation |
investors |
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| Feb, 2008 | Amount | Series A - HealthcareSource | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HealthcareSource
HealthcareSource has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Symplr, Francisco Partners and Bulger Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HealthcareSource
HealthcareSource has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include API Healthcare, Lean Human Capital and Netlearning. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Recruitment services are provided for senior living and post-acute centers.
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1999 | ||||
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Provider of workforce & employees performance management services
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1997 | ||||
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Healthcare courses and training are offered online by Netlearning.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HealthcareSource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Healthcaresource Comparisons
Competitors of HealthcareSource
HealthcareSource operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as athenahealth, Gusto, Paycor, Paychex and TriNet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based administrative tools for healthcare providers are offered.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Cloud-based HR management suite is provided for employee operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Healthcaresource
Frequently Asked Questions about HealthcareSource
When was HealthcareSource founded?
HealthcareSource was founded in 1992 and raised its 1st funding round 16 years after it was founded.
Where is HealthcareSource located?
HealthcareSource is headquartered in Woburn, United States. It is registered at Woburn, Massachusetts, United States.
Is HealthcareSource a funded company?
HealthcareSource is a funded company, having raised a total of $11.17M across 3 funding rounds to date.
What does HealthcareSource do?
HealthcareSource was founded in 1992 and is headquartered in Woburn, United States. Operations are centered on the healthcare sector, where software-as-a-service solutions are delivered to support workforce acquisition, development, and retention in hospitals. Key services encompass applicant tracking, onboarding, pre-hire assessments, performance management, physician recruiting, video interviewing, and a dedicated healthcare job board. Focus remains exclusively on healthcare industry needs.
Who are the top competitors of HealthcareSource?
HealthcareSource's top competitors include athenahealth, Gusto and Rippling.
What products or services does HealthcareSource offer?
HealthcareSource offers symplr Operations Platform, Talent Management Solutions, and Workforce Management.
How many acquisitions has HealthcareSource made?
HealthcareSource has made 5 acquisitions, including API Healthcare, Lean Human Capital, and Netlearning.
Who are HealthcareSource's investors?
HealthcareSource has 4 investors. Key investors include Symplr, Francisco Partners, Bulger Partners, and Insight Partners.
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