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ShiftMed completes acquisition of CareerStaff Unlimited from Genesis HealthCare

Apr 22, 2024•over 1 year ago

Acquiring Company

ShiftMed

Acquired Company

CareerStaff Unlimited

McleanIrvingHealth CareTravelHealth Care

Description

ShiftMed, a leader in On-Demand workforce technology, has announced its acquisition of CareerStaff Unlimited from Genesis HealthCare. The acquisition aims to expand ShiftMed's leading digital On-Demand nursing platform, providing services to Genesis at over 200 skilled nursing and 1,200 Powerback Rehabilitation locations under a seven-year exclusive agreement. This integration allows ShiftMed to fulfill 100% of its clients' On Demand needs through one workforce platform, establishing the industry's first end-to-end digital MSP (Managed Service Provider).

Company Information

Company

ShiftMed

Location

Mclean, Virginia, United States

About

ShiftMed is a next-generation workforce management platform that connects hospitals, assisted living providers and skilled nursing facilities to the highest quantity and quality of licensed nurses (CNAs, LPNs and RNs). As the #1 nursing jobs mobile app on the App Store with over 100,000 downloads in the past year, ShiftMed serves more than 700 enterprise health care partners across the country by offering software tools and direct access to labor for shift scheduling. The ShiftMed on-demand platform dramatically streamlines the delivery of care services and enables health care providers access to compliant, credentialed workers to fulfill their staffing needs faster than any other solution.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed