February 9, 2023

CloudsBigData

Epicurean Science & Tech

ShiftKey, Technological know-how Company Reworking Long term of Do the job, Closes Capital Raise

2 min read

DALLAS, January 11, 2023–(Organization WIRE)–ShiftKey, a Dallas-primarily based technology enterprise reworking the long term of get the job done by empowering accredited experts to link right with healthcare services with open up workforce requirements, declared currently that it has closed on a funding spherical sponsored by majority investor Lorient Capital, valuing the organization in excessive of $2 billion.

Lorient’s expense was completed through a continuation car that was led by the Ares Administration Secondaries resources and Pantheon. Further investors taking part alongside with Lorient, Ares, and Pantheon include things like Clearlake Funds and Wellness Velocity Capital.

“ShiftKey is switching the potential of do the job by empowering licensed gurus to have the freedom and versatility to choose when, the place and how they want to perform,” claimed David Berman, managing spouse of Lorient Capital. “We are energized to realign our investor foundation around ShiftKey’s extended-phrase strategy to turn into the preeminent technological innovation platform powering the potential of licensed work.”

“Nurses continue to pick out to operate on their personal phrases,” mentioned Tom Ellis, founder and CEO of ShiftKey. “Our vision is to empower nurses and other licensed gurus by means of the mixture of our core marketplace products alongside with more engineering and resources this kind of as scheduling, payments, education, and credentialing. We are appreciative for the assistance of our traders who share in this goal.”

ShiftKey’s software program now enables operate for hundreds of hundreds of licensed pros throughout above 10,000 healthcare amenities nationwide.

Goldman Sachs and Aviditi Advisors acted as advisors and placement brokers to Lorient Capital. McDermott Will & Emery and Gibson Dunn were being legal advisors.

About ShiftKey

ShiftKey is a system that is disrupting the way health care services uncover certified and certified pros to fill offered shifts. Leveraging market dynamics and deep market expertise, the business is actively playing a very important purpose in mitigating America’s health care staffing shortages, enabling direct connections concerning facilities and healthcare professionals. By featuring the prospect to get the job done as significantly or as tiny as they decide on and putting the electricity back again into the arms of healthcare workers, ShiftKey is bringing much more certified gurus back into the workforce, a option that is resolving a significant crisis in health care. For extra data, go to www.ShiftKey.com.

About Lorient Funds

Lorient Cash is a non-public financial commitment organization that targets equity investments in healthcare services and technology businesses. Leveraging its working experience as both equally buyers and healthcare operators, Lorient functions with founders and administration teams to generate advancement, optimize operations, and enhance healthcare outcomes. The firm invests in cash stream favourable firms at an inflection issue that calls for extra cash and expertise to consider the small business as a result of the future section of development.

See source variation on businesswire.com: https://www.businesswire.com/information/home/20230111005194/en/

Contacts

Lorianne Walker
Curley Business for ShiftKey
[email protected]
410.688.1330

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