Private equity firm Concord Health Partners announced it invested in Flexwise Health Inc., an on-demand platform that places nurses in per diem and travel roles. Flexwise is based in Brentwood, Tennessee.

The investment is not a majority stake but represents a significant minority position, according to Concord. In addition, Concord will have representation on Flexwise’s board.

Concord is focused on healthcare investment. It was formed in 2017 by founder and Managing Partner James Olsen, a former healthcare investment banker with Bank of America Merrill Lynch and Jefferies. Later, in 2018, Joseph Swedish joined Concord as co-founder and partner. Swedish is the former chairman and CEO of health insurance company Anthem Inc.