PE targets tech push in healthcare workforce services: 8 deals
Clinical staff are switching roles or leaving the medical profession due to burnout caused by labor shortages and challenging workforce expectations, according to the American Medical Association. As a result, healthcare providers are increasingly seeking out workforce services, particularly tech-enabled ones, to not only recruit new staff but retain them and improve job satisfaction.
Private equity sees opportunities to invest in businesses that offer these capabilities, from AI and cloud technologies for scheduling and workforce management, to data analytics for marketing, compliance and performance satisfaction.
Starting from the most recent, PE Hub rounds up eight deals dating back to the beginning of 2026.
1. Care Career picks up Periscope Equity-backed MAS Medical Staffing
Periscope Equity announced in July the sale of MAS Medical Staffing, a travel nurse and allied staffing agency, to Care Career, an AI-powered healthcare workforce service provider based out of Las Vegas.
MAS Medical Staffing was founded in 2002 and is based in Manchester, New Hampshire. Periscope Equity invested in the company in 2021.
Care Career applies expanded data, advanced AI and digital capabilities and operational scale to connect providers and improve clinician engagement, interaction, credentialing and placement.
2. Knox Lane acquires Cross Country Healthcare Inc
Also in July, Knox Lane announced the acquisition of Cross Country Healthcare, a technology-enabled healthcare workforce services and products company based in Boca Raton, Florida.
Cross Country Healthcare supplies hospitals, outpatient facilities, schools and other healthcare providers with workforce intelligence, management and analytics products for staff management and recruitment.
As part of the transaction, Cross Country Healthcare’s locums division has been acquired by All Star Healthcare Solutions, which Knox Lane acquired in 2024.
“The company has established a recognized market position, a trusted brand and a differentiated platform designed to address critical workforce challenges across the healthcare ecosystem,” said John Bailey, managing partner at Knox Lane, and Shamik Patel, partner at Knox Lane, in a statement.
3. Bain-backed PartsSource adds SkillNet to platform
PartsSource, a clinical technology performance company backed by Bain Capital, announced in June the acquisition of SkillNet, a workforce intelligence platform for healthcare technology management.
PartsSource operates out of Hudson, Ohio, and provides AI-enabled insights, enterprise workflows and evidence-based decision support to maximize asset availability, operational readiness and clinical capacity. PartsSource is co-developing its workforce services and products with five healthcare systems that have a combined total of 43 hospitals. Bain Capital acquired PartsSource in 2021 from Great Hill Partners for $1.25 billion.
Headquartered in San Jose, California, SkillNet provides hospitals and health systems with real-time visibility into competency compliance and team capabilities to improve technician skills and grow care capacity.
The deal extends the PartsSource Enterprise Clinical Technology platform into workforce intelligence, with both companies enabling providers to better align equipment uptime, service delivery, technician capability and operational readiness across their facilities. As part of the acquisition, it plans to offer an expanded portfolio of workforce technologies.
4. LLR Partners invests in AxisCare
Also in June, LLR Partners announced an investment in AxisCare, a home care management software provider.
Operating out of Waco, Texas, AxisCare provides single- and multi-location home care agencies with AI-powered software for managing caregiver operations, scheduling, documentation, electronic visit verification, client engagement, compliance and administrative workflows. It also has revenue cycle management services to support billing and reimbursement for government payors.
“With 75 percent of adults aged 50 plus saying they want to remain in their homes as they age, providers of all sizes increasingly need scalable solutions to help manage care delivery efficiently,” said PJ Cusack, vice-president of LLR Partners, in a statement. “We believe AxisCare is well positioned to meet those evolving needs.”
AxisCare is also backed by Frontier Growth, which invested in 2024.
5-6. EXA Capital acquires StaffReady and Maplewood Software
In February, EXA Capital announced the acquisitions of healthcare workforce management SaaS provider StaffReady and its parent company Maplewood Software.
The deal expands EXA Capital into the clinical workforce sector.
StaffReady develops cloud-native software for managing clinical workforces across hospital ancillary departments and standalone bioscience, pharmaceutical and commercial lab test design corporations. It will continue to operate independently under EXA Capital’s decentralized model, with its leadership team remaining in place.
Maplewood Software is also a cloud-based, SaaS software developer of tools that support staff training, inspection preparation, documentation storage and staff scheduling.
7. PE-backed Viventium snaps up Apploi
Viventium, a portfolio company of LLR Partners, Camden Partners and ABS Capital Partners, announced in February the closing of the acquisition of Apploi.
Apploi is also a New York-based software company specializing in the hiring, onboarding and scheduling of healthcare workers.
With offices in New York and Berkeley Heights, New Jersey, Viventium provides software for the post-acute workforce that offers payroll, HR, recruiting, onboarding and workforce management services. LLR backed the company in 2023. Existing shareholders Camden Partners, ABS Capital and the Kohn family, the founders of the company, remain minority stakeholders.
8. Accel-KKR invests in Exxat
In January, Accel-KKR announced a minority growth investment in Exxat, a provider of technology for clinical and experiential education in healthcare.
Exxat provides services and products that support clinical education, curriculum management, compliance documenting, competency tracking and interprofessional education. It services more than 1,600 academic programs, 10,000 clinical affiliates and 400,000 learners in nursing, behavioral health, public health and other clinical sectors.
“This investment gives us the momentum to advance our platform, reach more learners and institutions alike, and strengthen the value we deliver,” said Aarti Vaishnav, founder and CEO of Exxat, in a statement. “Accel‑KKR’s expertise in scaling vertical high‑growth software companies makes them the right partner for our next chapter.”
With demand for workforce services for healthcare providers increasing, PE Hub predicts more deals in the segment in the coming months.
