HealthcareSource Buys TestSource

HealthcareSource, a Woburn, MA-based provider of human resources management software for the healthcare industry, said today that it has bought its partner TestSource of Grand Rapids, MI. Financial terms of the purchase were not disclosed. TestSource provides behavioral assessments of job applicants for healthcare customers, and the firm has worked on more than 100 integrations with HealthcareSource, according to HealthcareSource. A spokeswoman for HealthcareSource did not immediately return a call about the acquisition deal this morning. Last week, HealthcareSource disclosed to the SEC that it had raised $3.2 million and $8 million in two separate equity and rights offerings. It’s unclear whether the deals are at all related to the firm’s purchase of TestSource.

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