symplr, a leading healthcare governance, risk and compliance (“GRC”) software-as-a-service (“SaaS”) platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and SkyKnight Capital (together with its affiliates, “SkyKnight”), today announced that it has acquired The Patient Safety Company (“TPSC”) from Main Capital Partners (“Main”). Financial terms were not disclosed.
The combination of symplr and the Netherlands-based TPSC expands the healthcare industry’s leading end-to-end GRC platform of scale to include patient safety and incident tracking and reporting. symplr’s platform now offers an end-to-end solution encompassing provider data management, credential management, workforce management and patient safety, addressing the full spectrum of healthcare labor regulatory requirements while also improving patient outcomes and quality of service.
“We are excited to offer our customers TPSC’s solutions as part of our growing healthcare GRC platform,” said Rick Pleczko, CEO of symplr. “Bringing TPSC’s flexible patient safety platform together with symplr’s provider data management and credentialing platform enables us to deliver the leading enterprise solution for healthcare organizations around the world. With the investment and support from Clearlake and SkyKnight, we are well-positioned to continue executing our growth strategy as we help providers and payers meet regulatory compliance requirements and increase operational efficiency.”
“We are thrilled to partner with symplr, whose vision and capabilities advance our goal of helping hospitals and health systems continuously improve patient safety,” said Rick Bergen, CEO of TPSC. “We’re delighted to become part of the symplr family and expand the solution offerings available to our customers.”
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.
“With this strategic acquisition, symplr is well positioned to continue to capitalize on the significant demand for healthcare GRC software solutions and help customers improve patient safety and outcomes,” said Prashant Mehrotra and Paul Huber of Clearlake. “We are excited to support the symplr management team as they drive consolidation in the industry and accelerate organic growth.”
“Providers and payers continue to navigate a complex and ever-evolving regulatory landscape,” said Jordan Milich and Claude Burton of SkyKnight. “TPSC adds a critical incident management component to our GRC capabilities, allowing symplr to deliver more value to healthcare organizations that focus on compliance and operational efficiency.”
Healthcare Growth Partners served as financial advisor to symplr.
Source: Biospace
