Interlock Equity has made a strategic investment in VeloSource, a staffing firm dedicated to connecting healthcare organizations with qualified temporary clinicians. This partnership will supply VeloSource with the capital needed to advance its growth, open new regional offices, broaden its coverage of medical specialties, and enhance its technology platform.
Founded in 2015, VeloSource built its reputation by supplying locum tenens professionals—doctors, nurse practitioners, and other clinicians who fill short-term gaps in hospital and clinic staffing. These temporary providers step in when permanent staff are on leave, when unexpected departures occur, or when patient volumes rise suddenly. By maintaining a steady pool of experienced clinicians, VeloSource ensures that facilities can continue delivering safe, high-quality care without disruption.
With fresh funding from Interlock Equity, VeloSource plans to expand its internal team of recruiters and clinical experts. These new hires will deepen the firm’s understanding of each specialty’s unique credentialing requirements and clinical workflows. At the same time, investments in automated credential checks, license verifications, and scheduling tools will shrink placement timelines from several weeks down to just a few days.
Beyond growing its own staff, VeloSource will strengthen partnerships with hospitals, health systems, academic medical centers, and physician groups. By offering a more extensive roster of specialists—ranging from anesthesiologists and surgeons to hospitalists and emergency medicine physicians—the company will be better equipped to meet a wide variety of clinical needs. This broader expertise is particularly valuable for smaller or rural hospitals that often struggle to attract and retain niche talent.
KEY QUOTES:
“Jeff and I are incredibly excited to join forces with Interlock Equity to bring outcome-driven Locum Tenens to the healthcare industry. Interlock offers key strategic support and client relationship synergy to rapidly foster growth in a competitive landscape. As I transition to the Board, I have every confidence in Jeff and our team’s ability to achieve unparalleled excellence in the delivery of locum tenens solutions.”
Patrick Donovan, Founder/Partner at VeloSource
“Partnering with Interlock represents an exciting new chapter for our company. Their commitment to innovation and long-term growth reflects our own values, and we look forward to what we can achieve together. I’m thrilled about the opportunities this partnership provides to our team members as we further growth by fostering our unique culture and broadening our locum tenens solutions with a client-centric approach to the industry.”
Jeff Schaal, CEO and Founder at VeloSource
“VeloSource is addressing one of the most urgent challenges in healthcare – bridging persistent provider shortages with highly qualified locum tenens professionals. The company is uniquely positioned to capture strong industry tailwinds, and we are excited to support Jeff, Patrick, and the entire VeloSource team in their next phase of growth while preserving the culture that has attracted top talent to the organization.”
Rob Zielinski, Managing Director at Interlock
“Jeff and Patrick have built an extraordinary company that stands out as a destination employer in the locum staffing industry. Their trusted client relationships, commitment to excellence, and people-first culture are exactly what we look for in a partner.”
Mike Orend, Managing Director at Interlock
