HealthcareSource to be acquired

Technology private equity firm Francisco Partners will buy HealthcareSource, the companies announced last week.

Financial terms of the deal were not made public. The transaction is expected to close by the end of May. Francisco Partners said it sees “tremendous potential” for the workforce management company.

“We chose Francisco Partners because of the firm's deep expertise in healthcare IT and the significant resources that will fuel HealthcareSource's future growth,” said Peter Segall, president and CEO of HealthcareSource, in a statement. “Our clients' needs are complex and require sophisticated solutions across the entire spectrum of talent management.”

HealthcareSource was advised by William Blair & Company (financial) and Willkie Farr & Gallagher LLP (legal).