- IAC has announced that it is acquiring NurseFly, which is a marketplace targeting the $17 billion temporary healthcare staffing industry
Today IAC announced it is acquiring NurseFly — which is a fast-growing marketplace that targets the $17 billion temporary healthcare staffing industry. NurseFly is going to be joining IAC’s Emerging & Other segment — which also includes on-demand staffing platform Bluecrew. The terms of the deal were undisclosed, but TechCrunch’s sources peg the deal at $15 million.
Launched in 2017, NurseFly’s platform is known for aggregating the largest index of real-time travel nursing jobs nationwide thus offering travel healthcare professionals unprecedented transparency to aid in their job search. And with NurseFly, nurses can access a centralized platform to browse and compare over 30,000 open travel nursing jobs nationwide and view detailed compensation information from different staffing agencies and locations from NurseFly’s website or mobile app.
As a two-sided marketplace, NurseFly helps staffing agency partners make better hiring decisions faster and more cost effectively. And partners gain access to a highly-engaged, quality talent pool of professionals complete with detailed profiles including certifications, skills checklists, references, and prior work history. Plus recruiters can instantly connect with candidates via app-based chat and other tools as well as securely exchange documentation digitally – NurseFly on average increases the productivity of staffing agency recruiters by 300% to 500%.
“Until now, travel nursing has been an entirely offline and deliberately opaque industry where sometimes the only way to discover your next assignment is to wait by the phone. Figuring out what that contract pays is also a grueling process – much like consumer travel in the 1990s,” said NurseFly co-founder and CEO Parth Bhakta. “We built NurseFly to transform and modernize how travel healthcare professionals connect with work – and in doing so, hope to alleviate a nationwide labor shortage in the healthcare industry. Our vision is to bring transparency to the travel nursing market so we can connect more qualified professionals to more work opportunities – which ultimately helps more patients gain access to top-quality care. We are thrilled to join IAC to accelerate our next chapter of growth.”
NurseFly is free for healthcare professionals while agency partners pay subscription fees to access the platform. And NurseFly has seen 6x revenue growth year-over-year. Within 18 months of operating the business, NurseFly already has over 10% of all travel nurse staffing agencies in the U.S. on its platform and over 30,000 active job listings.
Going forward, NurseFly will continue to be led by CEO Bhakta and co-founder and CTO Eric Conner. And long-time IAC executive Adam Roston — who is also CEO of Bluecrew and will assume the role of Chairman of NurseFly.
“Today’s workforce – regardless of job category or type – expects a digital experience, and NurseFly is modernizing how people connect with work in a large, growing, and antiquated industry,” added Roston. “Like Bluecrew, Parth and team are transforming the hiring process for both job seekers and employers through the power of software, connecting more people with more work opportunities. We’re excited about where this can go.”
Some of IAC’s other Internet properties include Vimeo, Dotdash, and a majority ownership of Match Group — which includes Tinder, Match, PlentyOfFish, Hinge, and OkCupid. And it also includes ANGI Homeservices (HomeAdvisor, Angie’s List, and Handy).
