Healthcare operations software developer symplr announced its plans to acquire GreenLight Medical, a medical supply chain management software company, for an undisclosed amount. This news comes just months after symplr completed its acquisition of Midas Health Analytics solutions for $340 million.
As part of the deal, symplr will acquire GreenLight’s software, which aims to provide data to health organizations for “evaluating, purchasing and implementing new medical technology, streamlining collaborative and compliant purchasing decisions.”
GreenLight Medical, founded in 2014, according to C . approximately $1.2 million in fundingrace base.
WHY IT MATTER
According to a 2021 Kaufman Hall report, 99% of health organizations have reported problems purchasing supplies. symplr is presenting this acquisition as a way to expand its product line and provide its customers with more supply chain management services.
“GreenLight Medical is a natural addition to our portfolio of healthcare businesses. The combination of Symplr’s Spend Management offering and GreenLight’s software platform enables financial leaders across health systems to make more informed decisions about spending,” said BJ Schaknowski, CEO of symplr, in a statement. † “Healthcare systems today are looking for integrated and connected business solutions. Our vision for symplr Spend Management is to provide streamlined supply chain decision support, making it easier for leaders to make informed, timely, value-based and defensible purchasing decisions. to take.”
THE BIGGER TREND
symplr reports that this is the sixteenth acquisition in the past six years. In September, the company acquired a clinical communication platform Halo Health for an undisclosed amount. Founded in 2006, the Texas firm is backed by private equity firm Clearlake Capital Group.