M&A Deal Summary

symplr Acquires TractManager

On October 23, 2020, symplr acquired internet software and services company TractManager from Arsenal Capital Partners

Acquisition Highlights
  • This is symplr’s 3rd transaction in the Internet Software and Services sector.
  • This is symplr’s 8th transaction in the United States.
  • This is symplr’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-10-23
Target TractManager
Sector Internet Software and Services
Buyer(s) symplr
Sellers(s) Arsenal Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Morgan Lewis (Legal)

Target

TractManager

Dallas, Texas, United States
TractManager, Inc. is a provider of Internet-based systems that enable organizations to create searchable databases of their contractual obligations. TractManager is based in Dallas, Texas.

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Buyer(S) 1

Buyer

symplr

Houston, Texas, United States
Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

DEAL STATS #
Overall 10 of 16
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 6 of 11
State (Texas) 1 of 2
Country (United States) 8 of 14
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 ComplyTrack

Alphen A D Rijn, Netherlands

ComplyTrack is a risk and compliance software solutions, encompassing issue and action management, incident management, contract and document management, and audit management SaaS solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Phynd Technologies

Dallas, Texas, United States

Phynd Technologies, Inc. provides a data platform, serving as health systems’ central hub for all provider data. Phynd optimizes provider data – people, places, and services – for use in EHR, Marketing, and Claims systems via platform tools that offer provider enrollment, management, search, and outreach across the enterprise. Phynd Technologies was founded in 2013 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 30 of 34
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 14 of 16
State (Texas) 6 of 6
Country (United States) 29 of 31
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Lumanity

Bethesda, Maryland, United States

Lumanity applies incisive thinking and decisive action to cut through complex situations and deliver transformative outcomes to accelerate and optimize access to medical advances. With deep experience in medical, commercial, and regulatory affairs, the company transforms data and information into real-world insights and evidence that powers successful commercialization and empowers patients, providers, payers, and regulators to take timely and decisive action. Lumanity was formed in 2022 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Best Value Healthcare

Lakeland, Florida, United States

Best Value Healthcare is a patient-centered, physician-led, and population health-focused healthcare company. Best Value creates a direct path to improving outcomes, reducing costs, and enhancing healthcare experiences. Best Value Healthcare was founded in 2015 and is based in Lakeland, Florida.

Buy -
Mergr

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