ShiftKey, a startup that connects healthcare staff and amenities with open shifts, raised $300 million, bringing its valuation to greater than $2 billion.
First reported by means of Axios, the spherical used to be led by means of majority investor Lorient Capital and finished thru a continuation automobile led by means of the Ares Control Secondaries budget and Pantheon. Different traders taking part within the lift come with Clearlake Capital and Well being Speed Capital.
WHAT IT DOEs
ShiftKey gives a platform that we could nursing, qualified nursing assistants and different healthcare pros seek for in step with diem shifts of their space, bid on the ones shifts and construct their schedules.
The Dallas-based corporate stated it has labored with hundreds of approved healthcare pros throughout greater than 10,000 amenities around the nation.
“Nurses proceed to select to paintings on their very own phrases,” Tom Ellis, founder and CEO of ShiftKey, stated in a remark. “Our imaginative and prescient is to empower nurses and different approved pros throughout the aggregate of our core market product in conjunction with further generation and gear corresponding to scheduling, bills, schooling and credentialing. We’re appreciative of the make stronger of our traders who percentage on this goal.”
MARKET SNAPSHOT
Workforce shortages proceed to be a major worry for the healthcare sector, contributing to mounting monetary pressure on hospitals.
“Each and every facet of affected person care – from being admitted, to remedy, to discharge –is suffering from the exertions scarcity and, as we head into the virus season and doable new waves of COVID-19, the pressures on hospitals and their team of workers may just mount,” stated Erik Swanson, senior vice chairman of knowledge and analytics with Kaufman Corridor, in Healthcare Finance Information.
Within the wake of the COVID-19 pandemic, supplier burnout additionally greater. In a 2022 survey of about 1,800 nursing pros and scholars, 28% stated their want to depart the occupation greater dramatically because the pandemic. Thirty p.c stated they plan to stick in nursing for the foreseeable long run, however 23% plan to search for a brand new profession in a single to 2 years, and 13% plan to retire in a single to 5 years.
Different firms providing healthcare staffing platforms have not too long ago finished huge investment rounds. In August, nurse=staffing market Implausible Well being scooped up $80 million in Collection B investment, boosting the startup’s valuation to $1.65 billion.
Nomad Well being, an internet task portal for transient healthcare staff, introduced a $105 million lift over the summer season. In April, nurse-staffing platform IntelyCare scooped up $115 million in Collection C investment, bumping the corporate’s valuation to $1.1 billion.