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Announced

Completed

Serent Capital completed the acquisition of a minority stake in DirectShifts.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Minority

Completed

United States

marketplace

Friendly

Private

Acquisition

Online and Social Platforms

Domestic

Private Equity

Synopsis

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Serent Capital, a firm that invests in technology companies, completed the acquisition of a minority stake in DirectShifts, a healthcare staffing platform. Financial terms were not disclosed. "DirectShifts set out to modernize healthcare recruiting and staffing, and we are profoundly grateful to our network of clinicians and providers for the strides we have made to date. To continue to serve the healthcare ecosystem's growing needs for the workforce, we wanted a partner who shared our vision and excitement for the future. We built a strong relationship with the Serent Team, and it became clear that not only did they deeply understand the healthcare market, but they also had the resources to help us scale and deliver even more value to our network of clinicians and providers," Sai Thumuluru, DirectShifts Founder and CEO.

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