HSTM - HealthStream acquires Shiftwizard for $32M

HealthStream (HSTM) announces the acquisition of ShiftWizard, Inc., for ~$32M in cash, adding to an emerging area of its workforce solutions that supports healthcare professionals and their management in effective staff scheduling.ShiftWizard is a Raleigh, North Carolina-based company focused on providing a SaaS-based solution.ShiftWizard helps healthcare organizations maximize staff availability, minimize cost, and ensure that caregivers are properly matched to patient needs. Named Category Leader in “2020 Best in KLAS Software & Services” report, ShiftWizard’s innovative SaaS-based scheduling application has earned a 97% retention rate among its customers.

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HealthStream acquires Shiftwizard for $32M