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HealthcareSource HR
HealthcareSource HR was founded to address chronic workforce challenges in healthcare, particularly recruitment and retention for hospitals and post-acute care...
HealthcareSource HR
HealthcareSource HR was founded to address chronic workforce challenges in healthcare, particularly recruitment and retention for hospitals and post-acute care providers. CEO Michael Macrie joined the firm in 2015, tasked with scaling the company's product suite amid growing demand for human-capital tools in a labor-constrained industry. The company traces its roots to specialized applicant-tracking software for healthcare employers. HealthcareSource HR provides a software-as-a-service platform covering applicant tracking, onboarding, performance management, and credentialing. The firm targets the acute-care and post-acute segments of the healthcare industry, emphasizing predictive analytics to reduce turnover. Its client roster includes over 1,000 healthcare organizations, among them Tenet Healthcare and Community Health Systems (per the firm's public website, 2025). The company also partners with managed-service providers and staffing agencies to extend its workflow tools. The firm operates a single headquarters in Woburn, Massachusetts, with no publicly disclosed satellite offices. Its workforce size has not been made public, though the company has over 50 employees on LinkedIn. In 2021, HealthcareSource HR was acquired by Bain Capital's specialized private equity team (per PitchBook, 2021), making it a portfolio company rather than an independent asset manager. Bain Capital's ownership distinguishes HealthcareSource HR from traditional family offices or allocators. The firm operates as a commercial enterprise building and selling software, not as an investment vehicle. Its board and strategic direction are set by the private equity sponsor, with management focused on product development and commercial growth.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Woburn
Corporate office
Woburn, MA, United States
Sector focus
Frequently asked questions
Does HealthcareSource HR manage investment capital for a family office?
No. HealthcareSource HR is a commercial software company, not a family office. It develops and sells human-capital management software to healthcare organizations. It was acquired by Bain Capital in 2021 (per PitchBook, 2021), meaning it operates as a private equity portfolio company.
What software does HealthcareSource HR offer?
HealthcareSource HR offers a cloud-based platform for talent acquisition, onboarding, performance management, and credentialing. The software is tailored for hospitals, health systems, and post-acute care providers. Its features include applicant tracking, assessment tools, and predictive analytics to reduce turnover.
Who are HealthcareSource HR's typical clients?
The firm's client base includes more than 1,000 healthcare organizations, such as Tenet Healthcare and Community Health Systems (per the firm's public website, 2025). Clients range from large hospital networks to community hospitals and skilled nursing facilities.
When was HealthcareSource HR acquired by Bain Capital?
Bain Capital acquired HealthcareSource HR in 2021 (per PitchBook, 2021). The acquisition provides capital for product development and market expansion. Post-acquisition, HealthcareSource HR has continued to operate under its original brand.
Who leads HealthcareSource HR?
Michael Macrie serves as CEO, having joined the company in 2015. He previously held leadership roles in healthcare technology and software firms. The leadership team focuses on product innovation and scaling the firm's client base.
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