HealthcareSource, a Woburn, MA-based provider of human resources management software for the healthcare industry, said today that it has bought its partner TestSource of Grand Rapids, MI. Financial terms of the purchase were not disclosed. TestSource provides behavioral assessments of job applicants for healthcare customers, and the firm has worked on more than 100 integrations with HealthcareSource, according to HealthcareSource. A spokeswoman for HealthcareSource did not immediately return a call about the acquisition deal this morning. Last week, HealthcareSource disclosed to the SEC that it had raised $3.2 million and $8 million in two separate equity and rights offerings. It’s unclear whether the deals are at all related to the firm’s purchase of TestSource.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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