Hearst, a diversified information, services and media company, is set to buy QGenda, which focuses on providing healthcare workforce management solutions.
The financial details of the deal were not disclosed.
According to a company statement, Hearst will acquire QGenda from investment firms Francisco Partners and ICONIQ Growth.
As part of the deal, QGenda’s leadership team and approximately 650 employees will migrate into Hearst’s healthcare division Hearst Health.
QGenda founder and CEO Greg Benoit said: “The entire QGenda team is proud and excited for the opportunity to be part of Hearst Health, and we are forever grateful to our customers and partners for their ongoing dedication to our success as a company.
“Joining the Hearst Health group of companies is aligned with our mission to ensure that every patient has the right healthcare provider when and where care is needed.”
Headquartered in Atlanta, Georgia, QGenda is said to support more than 700,000 physicians and other healthcare providers across several specialties.
The company’s end-to-end workforce management platform ProviderCloud enables customers to deploy workforce resources to improve engagement and retention. It also helps to optimise staffing and offers solutions for scheduling, room and capacity management, time tracking, compensation management, etc.
It counts around 4,500 organisations, which includes hospitals, academic medical centres and physician groups among others as customers.
Hearst Health president Gregory Dorn said: “We’re always looking for innovative technology solutions that improve the quality, safety and efficiency of healthcare.
“At a time of clinician shortages, the QGenda platform meets a critical need for organisations looking to optimise clinical team deployment while helping care professionals practice at the top of their licence.”
