InterActiveCorp (IAC), the parent company to Match Group, has announced the $15 million acquisition of NurseFly, a marketplace for short-term nursing jobs.
NurseFly hosts an index of over 30,000 US travel nursing jobs, offering healthcare professionals aid in their job search.
Founded in 2017 and headquartered in San Francisco, the platform is a typical example of an IAC property that could benefit from scale. IAC specialises in buying companies which could grow into leaders via networking effects, and selling them on at significant profit.
Parth Bhakta, Co-Founder and CEO of NurseFly, said: “We built NurseFly to transform and modernize how travel healthcare professionals connect with work – and in doing so, hope to alleviate a nationwide labor shortage in the healthcare industry.
“Our vision is to bring transparency to the travel nursing market so we can connect more qualified professionals to more work opportunities – which ultimately helps more patients gain access to top-quality care. We are thrilled to join IAC to accelerate our next chapter of growth.”
IAC CEO Joey Levin has started to discuss the possibility of spinning Match Group and ANGI Homeservices in recent weeks.
He has suggested that the former could “stand” without the support of the larger entity, and feels some of IAC’s value may be hidden because investors are using Match as a proxy for its performance.
Seeking Alpha analyst Mark Ashton claimed in a recent article that the wheels may already be “in motion” for such a spin to take place.
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