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New Deal


Announced

Completed

Skyknight and Clearlake-backed symplr completed the acquisition of API Healthcare from Veritas Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

healthcare human capital management

Private

Private Equity

Acquisition

Software

Health Care Services

Completed

software development

Friendly

Majority

Single Bidder

Synopsis

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Skyknight and Clearlake-backed symplr, a healthcare governance, risk and compliance software-as-a-service platform, completed the acquisition of API Healthcare, a provider of healthcare human capital management software solutions, from Veritas Capital. Financial terms were not disclosed. "This is a transformational acquisition that further expands our healthcare software footprint and broadens our SaaS offerings by strengthening symplr's existing GRC platform and adding new workforce management capabilities. Together with API, symplr will continue to pursue the mission of providing software solutions that help healthcare organizations meet regulatory compliance requirements and increase operational efficiency. This is a powerful combination for our customers, partners and team," Rick Pleczko, symplr CEO, and Tres Thompson, symplr COO & CFO.

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