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New Deal


Announced

Completed

Clearlake Capital-backed symplr completed the acquisition of HealthcareSource from Francisco Partners for $452m.

Financials

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Transaction Value£320m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Private

United States

Friendly

Private Equity

Domestic

human resources

Majority

Management Consulting

Completed

Synopsis

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Clearlake Capital-backed symplr, a provider of enterprise healthcare operations including governance, risk management, and compliance SaaS solutions, completed the acquisition of HealthcareSource, a software provider of talent management solutions and services specifically for the healthcare industry, from Francisco Partners, a global investment firm, for $452m. "As a result of the pandemic and healthcare's unprecedented labor shortage, talent acquisition, development, and retention have become mission critical for health systems and hospitals. symplr's ability to combine HealthcareSource's software solutions with our world class time and attendance and scheduling solution will create unparalleled value for our customers," BJ Schaknowski, symplr CEO.

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