Francisco Partners, a global investment firm specializing in technology and healthcare, has announced the sale of QGenda to Hearst. Financial terms of the deal were not disclosed.
QGenda, a leader in healthcare workforce management, serves over 700,000 providers across 45 specialties with its comprehensive ProviderCloud platform. This platform aids in optimizing staffing, enhancing engagement, and reducing labor costs through advanced solutions for scheduling, capacity management, credentialing, and more.
Francisco Partners has worked closely with QGenda’s founder and CEO, Greg Benoit, and the management team to support the company’s expansion, including its development of solutions beyond physician scheduling. Benoit praised Francisco Partners for their strategic support and guidance over the past eight years, expressing excitement about the future with Hearst.
Francisco Partners, a prominent investor in technology with a focus on healthcare, has previously supported companies such as CoverMyMeds, GoodRx, Edifecs, and Nextech. Co-President Ezra Perlman highlighted the rewarding partnership and the positive impact QGenda has had on healthcare systems. Partner Justin Chen commended QGenda’s innovation and expressed confidence in the company’s future under Hearst.
QGenda, with its leadership team and 650 employees, will join Hearst Health, where it will continue to grow its healthcare workforce management solutions. Evercore and Kirkland & Ellis LLP acted as advisors to QGenda and Francisco Partners.
About QGenda
QGenda transforms healthcare workforce management with its ProviderCloud platform, offering solutions for scheduling, credentialing, on-call scheduling, and more to enhance workforce efficiency and effectiveness across various care settings.
