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HealthcareSource buys TestSource, raises $11M

Mon, 11/08/2010 - 5:34am
Mass High Tech: The Journal of New England Technology

Health care HR software provider HealthcareSource HR Inc. has acquired TestSource, a Grand Rapids, Mich. provider of behavior-based pre-employment assessments in the health care industry.

Waltham-based HealthcareSource announced the deal in a press release this morning. No financial terms of the deal were released, but in two filings with the Securities and Exchange Commission on Friday, HealthcareSource reported it had raised $11.2 million in new financing, which took the form of equity and convertible notes.

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