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May 20, 2022

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Portland startup NurseGrid Mobile sells for $25 million

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NurseGrid Mobile, a Portland health care staffing startup, said Monday that it has sold the business to a company in Nashville, Tenn., for $25 million in cash.

NurseGrid enables nurses at a health care provider to manage and share schedules to swap shifts and coordinate other work. The company had raised about $12.5 million in funding, had 260,000 monthly users and has 20 employees, down from 34 two years ago.

The buyer is a publicly traded company called HealthStream, which offers workforce management and development tools. HealthStream said it expects NurseGrid will add less than $500,000 to its total revenues; it says the Portland company was not yet profitable.

Tuesday’s deal appears to be the first sale of a Portland startup in 2020.

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