GHX announced it has signed a definitive agreement with Temasek, an investment company headquartered in Singapore, for a significant investment into the company. Thoma Bravo is selling its majority ownership stake, but remains a minority owner. The investment by Temasek and the continued participation by Thoma Bravo demonstrates a confidence in GHX’s business plan and its mission to take cost out of healthcare. The deal is estimated to close in the next 45-60 days; financial terms were not disclosed.
GHX, headquartered in Louisville, Colo., has employees in the United States, Canada and Europe and is known for its electronic trading exchange, electronic payment solution, and supply chain solutions. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management and other supply chain-related tools and services.
“GHX maintains a strong position in North America and Europe with solutions that span the breadth of the healthcare supply chain. Our priority remains to deliver solutions that have a measurably positive impact on our customers’ business and the patients that they serve,” said Bruce Johnson, CEO and president of GHX. “The addition of Temasek to GHX’s ownership will help us continue to grow and deliver on our commitment to drive improved efficiency and results in healthcare.”
