Healthcare operations software program developer symplr introduced its plans to purchase medical supply chain management software program company GreenLight Medical for an undisclosed sum. This information comes simply months after sympl sounded the acquisition of Midas Health Analytics Solutions for $340 million.
As a part of the deal, symplr will purchase GreenLight’s software program, which is concentrated on giving well being organizations information for “evaluating, purchasing and deploying new medical technology, streamlining collaborative and compliant purchasing decisions.”
Founded in 2014, GreenLight Medical has roughly $1.2 million in funding, in accordance with VSrunchbase.
WHY IT MATTERS
According to a 2021Kaufman Hall report, 99% of well being organizations have reported difficulties in supply procurement. symplr is pitching this acquisition as a means to assist construct out its product line and provide its purchasers extra providers within the supply chain management area.
“GreenLight Medical is a natural complement to our healthcare operations portfolio. The combination of symplr’s Spend Management offering and GreenLight’s software platform will enable financial leaders across health systems to make more informed spending decisions,” BJ Schaknowski, CEO of symplr, mentioned in a press release . “Healthcare systems today are seeking integrated and connected enterprise solutions. Our vision for Symplr Spend Management is to deliver streamlined supply chain decision support, making it easier for leaders to make informed, timely, value-based, and defensible purchase decisions.”
THE LARGER TREND
sympl studies that that is its sixteenth acquisition within the final six years. In September, the company bought medical communication platform Halo Health for an undisclosed sum. Founded in 2006, the Texas company is backed by non-public fairness company Clearlake Capital Group.
