Seattle-based Kevala, a startup that helps healthcare facilities find and manage workers, has been acquired by Residex, a Denver company that also uses AI to manage records and more for senior living communities.
Terms of the deal were not shared in a news release on Monday.
Kevala was spun out of Seattle’s Pioneer Square Labs in 2020. The company raised $4 million in January 2021 and another $12.1 million in February 2022.
Co-founder and CEO Todd Owens previously led staffing company TalentWise, which was acquired by Sterling Talent Solutions; was CEO at Appuri (acquired by DocuSign); and was CEO at Azuqua (acquired by Okta).
According to Residex, the acquisition will strengthen the company’s position in the senior care technology market by adding staffing optimization to platform.
Residex uses AI to help manage resident health records, medication administration, care planning, assessments, and clinical documentation. Kevala’s software, called Quin, enables healthcare facilities to schedule workers, organize the labor pool and track caregiver credentials.
“This acquisition validates our vision of using AI to solve the industry’s most pressing operational challenge of ensuring topline workforce management,” Owens said in a statement. By combining Quin’s workforce intelligence with Residex’s clinical expertise, we’re creating a powerful ecosystem that ultimately enhances the quality of life for residents.”
As of April of this year, Kevala employed 28 people and had raised $21 million.
Related:
- Tech Vets: Kevala CEO Todd Owens leads startup much like he navigated his role on Navy submarine
- Kevala lands $12.1M to address worker shortages for healthcare companies
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