Clearlake Capital Group Invests In OnShift

OnShift recently received an equity investment form Clearlake Capital Group (Clearlake). Also participating in the investment were Ziegler Link Age Fund II and Health Velocity Capital.

Financial terms of the transaction have not been disclosed, however, OnShift has stated it plans to use the funds to expand its product development in recruitment, talent, and workforce, as well as accelerate its sales and marketing plans. Clearlake leadership cited OnShift’s ability to solve compliance requirements, staff turnover issues, and excessive overtime—as well as its culture and product innovation—as some of the main reasons for its investment into the organization . . .