"This strategic acquisition marks another milestone for symplr as SpinFusion provides highly complementary provider scheduling software, expanding the company's workforce management portfolio and staffing capabilities," said Paul Huber, Principal, and Sean Courtney, Vice President, of Clearlake. "The addition of SpinFusion reinforces symplr's position as a healthcare GRC software leader, and we look forward to supporting the company as it continues driving industry consolidation and accelerating organic growth."
"The SpinFusion acquisition further demonstrates symplr's ability to execute on its accretive acquisition strategy," said Mike McGuire, Senior Vice President of Charlesbank. "We are excited about the prospects for the combined company and, following the closing of our investment, look forward to working with symplr's team as it broadens its capabilities and continues to find new ways to deliver greater value to its customers."
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The acquisition of SpinFusion represents symplr's thirteenth acquisition in the past six years, and its eighth under sponsorship from Clearlake since November 2018. In July, symplr added healthcare talent acquisition software provider HealthcareSource to its workforce management portfolio to provide healthcare organizations with a complete end-to-end staffing solution.
About symplr
As the global leader in healthcare governance, risk management, and compliance software, symplr has a single mission: to make healthcare GRC simpler, resulting in improved efficiency, better outcomes, and safer patients. symplr customers depend on our provider data management, workforce management, contract and spend management, access management and compliance, quality, safety solutions to drive positive outcomes and to protect their patients and staff.
About Clearlake Capital
Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials and consumer. Clearlake currently has approximately $39 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas.
