OnShift Receives Investment from Clearlake Capital Group
November 2, 2018
OnShift, Inc. (“OnShift” or the “Company”), a leading cloud-based human capital management software provider for the long-term post-acute care market, has received a strategic equity investment from Clearlake Capital Group (“Clearlake”), with participation from the Ziegler Link•Age Fund and existing investor Health Velocity Capital.
Based in Cleveland, OH, OnShift delivers software and proactive services to solve every day workforce challenges in healthcare. The Company’s suite of products for hiring, scheduling and employee engagement drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift.
Founded in 2006 and based in Santa Monica, CA, Clearlake Capital Group is a leading private equity firm focused on investing in growth companies in the Software, Healthcare IT, Industrials, Energy and Consumer sectors. The firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.®.
Cain Brothers served as the exclusive financial advisor to OnShift in connection with the transaction.