About SYFT
SYFT is a Healthcare company based in Stratford (United States) founded in 1999, and was acquired by Global Healthcare Exchange in February 2022. Medical staffing services are provided to healthcare facilities nationwide. SYFT has raised $11.33 million across 2 funding rounds from investors including Global Healthcare Exchange, Enhanced Healthcare Partners and Radius Ventures. The company has 186 employees. Its Indian entity Ghx India Private Limited reported revenue of ₹50.46 Cr. Its focus areas include Services for Healthcare Providers, BPO and Medical Staffing. Its competitors include AMN Healthcare, Cross Country Healthcare and Medical Solutions; 1 of its 3 listed competitors has raised funding.
Company details
SYFT was founded in 1999 in Stratford, United States, as a provider of medical staffing services. Operations are centered on recruiting and placing healthcare professionals in temporary roles for hospitals and clinics. The company operates within the healthcare staffing sector, focusing on efficient matching of skilled workers with facility needs. Services are delivered through the syftco.com domain, supporting regional and national placements.
- Headquarters Stratford, United States
- Employees 186
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website syftco.com
- Social LinkedIn X
- Acquired by Global Healthcare Exchange (Feb 2022)
- Legal Name Ghx India Private Limited
- Date of Incorporation 24 Dec, 2014
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹50.46 Cr
FY 2024 · +118% YoY
- Indian entity net profit₹5.40 Cr
FY 2024 · 11% margin
- Indian entity EBITDA₹9.77 Cr
FY 2024 · 19% margin
- Total Equity Funding$11.33M (USD)
in 2 rounds
- Latest Funding Round$4.33M (USD), Series B
Aug 2011
- InvestorsGlobal Healthcare Exchange
& 2 more
- Employee Count186
- Acquired byGlobal Healthcare Exchange
(Feb 2022)
Associated legal entities of SYFT
SYFT operates through Ghx India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ghx India Private Limited CIN U74900TG2014FTC096967 | Active | 24 Dec 2014 | Hyderabad, Telangana | ₹50.5 Cr | 186 | 2 | View details |
Funding Insights of SYFT
SYFT has successfully raised a total of $11.33M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $4.33 million completed in August 2011. 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 $11.33M
- Total Rounds 2
- Last Round Series B — $4.33M
- First Round $7M
(Apr 2010)
- Investors Count 2
All 2 funding rounds of SYFT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2011 | $4.33M | Series B | – | – | – |
| Apr 2010 | $7M | Series B | – | Enhanced Healthcare Partners |
3 investors in total: 3 institutional.
Investors in SYFT
SYFT has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Global Healthcare Exchange, Enhanced Healthcare Partners and Radius Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A private equity firm focused on healthcare industry investments. | 2017 | enhancedhealthcare.com | Santa Monica, United States | |
| radiusventures.com | ||||
Supply chain solutions for healthcare industry are provided. | 2000 | ghx.com | Louisville, United States |
Investor details for SYFT
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Board of directors of Ghx India Private Limited (SYFT)
Ghx India Private Limited is the primary company behind SYFT. The board of Ghx India Private Limited currently have 2 directors; the longest-serving is Christopher Batson, appointed in 2023. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Christopher Batson DIN 07599965 | Director | 31 Jan 2023 | 3 yrs 8 mo | Ghx India Private Limited |
| Swastik Nandkishor Bihani DIN 07936256 | Managing Director | 26 Jun 2024 | 2 yrs 3 mo | Ghx India Private Limited |
Financials of SYFT
Figures of Ghx India Private Limited, the primary company behind SYFT, for FY 2024. Revenue was ₹50.46 Cr (+118% year on year). Net profit was ₹5.40 Cr (11% margin). EBITDA was ₹9.77 Cr (19% margin). Revenue has grown at a compounded annual rate of +75% over three years and +45% over five years.
- ₹50.46 CrRevenue · FY 2024 · +118% YoY
- ₹5.40 CrNet profit · 11% margin
- ₹9.77 CrEBITDA · 19% margin
- ₹1.6 LakhPaid-up capital
- 186Employees (provident fund records)
- +75%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ghx India Private Limited are on its company page.
Detailed financial statements for SYFT
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SYFT
4 dated milestones of SYFT across 23 years, from founding to its latest funding, stage changes and deals.
- Founded SYFT is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series B, of $4.3M.
- Exit Acquired by Global Healthcare Exchange.
Competitors of SYFT
SYFT has 3 listed competitors in our database, 1 of them funded. They include AMN Healthcare, Cross Country Healthcare and Medical Solutions.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| amnhealthcare.com | 1985 | San Diego, United States | 4,251 | AMN Healthcare is recognized as a leading healthcare staffing provider. | ||
| crosscountryhealthcare.com | 1978 | Boca Raton, United States | 2,300 | Healthcare staffing and workforce solutions are delivered nationwide. | ||
| medicalsolutions.com | 2001 | Omaha, United States | $32.5M | 17,095 | Travel nursing jobs are offered to certified nurses nationwide. |
Detailed competitors of SYFT
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Top companies in Healthcare Provider Support Services
3 companies that operate in the same segment as SYFT (Healthcare Provider Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | 212 | ||
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.13 B | USD 465.22 M | 5,442 | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | USD 2.73 B | 2,970 |
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Related news about Syft
Complete news archive for SYFT
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Frequently Asked Questions about SYFT
SYFT was founded in 1999 and raised its 1st funding round 11 years after it was founded.
SYFT is headquartered in Stratford, United States. It is registered at Stratford, Connecticut, United States.
SYFT is a funded company, having raised a total of $11.33M across 2 funding rounds to date. The company's 1st funding round was a Series B of $7M, raised on Apr 2010.
SYFT has 186 employees.
The primary company behind SYFT, Ghx India Private Limited, reported revenue of ₹50.46 Cr for FY 2024, up 118% year on year.
SYFT was founded in 1999 in Stratford, United States, as a provider of medical staffing services. Operations are centered on recruiting and placing healthcare professionals in temporary roles for hospitals and clinics. The company operates within the healthcare staffing sector, focusing on efficient matching of skilled workers with facility needs. Services are delivered through the syftco.com domain, supporting regional and national placements.
SYFT's top competitors include AMN Healthcare, Medical Solutions and Cross Country Healthcare.
SYFT has 3 investors. Key investors include Global Healthcare Exchange, Enhanced Healthcare Partners, and Radius Ventures.
SYFT operates through Ghx India Private Limited.
Yes. SYFT was acquired by Global Healthcare Exchange in February 2022.
The legal entities of SYFT currently have 2 directors, including Christopher Batson, Swastik Nandkishor Bihani.