What You Should Know:
– Private equity firm Rubicon Technology Partners acquires Central Logic, a provider of patient orchestration and tools to accelerate access to care for healthcare organizations.
– Rubicon will be aggressively driving Central Logic’s growth with additional cash investments into the business, with a focus on product innovation, sales expansion, delivery and customer support, and the pursuit of acquisition opportunities.
Rubicon Technology Partners, a Boulder, CO-based private equity firm focused on enterprise software companies has acquired a majority stake in Central Logic, a Sandy, UT-based provider of patient orchestration and tools to accelerate access to care for healthcare organizations. Founded in 2005, Central Logic’s flexible, SaaS-based solution helps healthcare providers improve patient outcomes and make their organizations more effective by providing superior real-time visibility and unmatched business intelligence to optimize the operations of health system Access Centers.
From its roots in developing the first purpose-built software to manage the most complex patient transfers, Central Logic partners with healthcare providers to offer deep strategic insights, expertise and technology that empower health systems to operate as one system of care.
COVID-19 Pandemic Underscores Gap in Care Orchestration and Patient Logistics
Recently, Central Logic has been very active in public-private collaborations focused on better managing COVID-19 resources, such as the Arizona Surge Line. The company’s solutions are critical to health systems as they seek to drive greater cohesion, patient engagement and resource optimization, particularly in light of COVID-19.
“The pandemic that we now face sheds a light on the enormous gap in care orchestration and patient logistics at healthcare organizations of all sizes,” said Angie Franks, CEO of Central Logic. “This reality continues to accelerate the pace of innovation and positive change in healthcare. I fully expect that Central Logic will lead that charge as our strategic partnerships with health systems across the country continue to grow.”
Driving Additional Growth
The investment will be used to accelerate Central Logic’s growth through product innovation, sales expansion, delivery and customer support, and the pursuit of acquisition opportunities.
“Central Logic delivers compelling clinical, operational and financial value to health systems, hospitals and public health entities,” said Alex Kleiner, Principal, Rubicon. “The company’s highly differentiated and category-defining solution is perfectly positioned in the market for this unique time in the industry. Central Logic’s proven ability to capture market share provides a strong foundation for continued growth, which we plan to aggressively drive with additional cash investment into the business. We are thrilled to begin our partnership with the Central Logic team.”
Franks said she is excited about what the future holds with Rubicon. “Now more than ever before, hospitals, health systems and our public health agencies require the capabilities to leverage and manage all of their resources to ensure that patients get the right care at the right location without delay,” she said. “Rubicon recognizes the important role that Central Logic plays today and shares our vision for the future.”
Ziegler, a national boutique investment bank, advised Central Logic on the transaction. According to PE Hub’s early reports, the majority recap is expected to value the Utah-based company north of $100 million.