– symplr, a leading healthcare governance, risk and compliance (“GRC”) software-as-a-service (“SaaS”) platform has acquired Patient Safety Company, a quality and risk management platform for healthcare organizations.
– The strategic acquisition further strengthens industry-leading healthcare governance, risk, and compliance software offerings.
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 of the acquisition were not disclosed. Healthcare Growth Partners served as financial advisor to symplr.
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.
Founded in 2003, The Patient Safety Company provides governance, risk, and compliance solutions, centered around the improvement of patient safety, to healthcare organizations such as hospitals, mental care institutions, and outpatient care services. Using the platform, healthcare organizations can automate and support processes such as incident management, quality/improvement management, and accreditation. In addition, the platform enables users to configure their own solutions without any programming knowledge.
“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.”