Healthcare Staffing Report: Jan. 14, 2021

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SnapNurse platform gets $15 million investment, $100 million credit facility

Online nurse staffing platform SnapNurse received a $15 million growth equity investment from investment firm Pivotal Group along with a $100 million credit facility. SnapNurse plans to use the funds for continued growth.

Pivotal Group CEO F. Francis Najafi said SnapNurse has been growing thanks to its technology and its “understanding of how to make the process easier for both healthcare professionals and facilities” instead of getting bogged down with lengthy processes and credentialing paperwork.

Najafi will join SnapNurse’s board along with Tyler Rives, VP at Pivotal Group.

SnapNurse reported it had revenue of more than $200 million and 50,000 nurses on its platform. It aims to deliver nurses to clients in 36 to 48 hours.

“We have fully automated the process of finding, credentialing, mobilizing and paying our nurses even on the same day as their shift,” said SnapNurse CEO and founder Cherie Kloss. “Our recent financing and partnership with Pivotal Group will enable us to continue our rapid expansion as the quickest solution for quality medical staff and quality medical facilities to connect for temporary needs.”