Investment Summary

Enhanced Healthcare Partners and Eastward Capital Exits Syft

On February 28, 2022, GHX invested in information technology company Syft from Enhanced Healthcare Partners and Eastward Capital

Investment Highlights
  • This is GHX’s 2nd transaction in the Information Technology sector.
  • This is GHX’s 5th transaction in the United States.
  • This is GHX’s 1st transaction in Florida.

Investment Summary

Date 2022-02-28
Target Syft
Sector Information Technology
Investor(s) GHX
Sellers(s) Enhanced Healthcare Partners
Eastward Capital
Deal Type Add-on Acquisition

Target

Syft

Tampa, Florida, United States
Syft's automation tools, extensive data analytics, and inventory management services optimize supply chains dock-to-doc from warehousing and distribution to the point of use. Syft was founded in 1999 and is based in Tampa, Florida.

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Investor(S) 1

Investor

GHX

Louisville, Colorado, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

GHX is a provider of cloud-based supply chain management technology and services in order to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. 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, and other supply chain-related tools and services. GHX was formed in 2000 and is based in Louisville, Colorado.


DEAL STATS #
Overall 6 of 7
Sector: Information Technology M&A 2 of 3
Type: Add-on Acquisition M&A Deals 6 of 7
State: Florida M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Explorer Surgical

Chicago, Illinois, United States

Explorer Surgical is an operator of a comprehensive digital and remote case support platform that connects suppliers with healthcare provider teams. Explorer Surgical was founded in 2015 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Prodigo Solutions

Cranberry Township, Pennsylvania, United States

Prodigo Solutions is a healthcare technology company that improves providers’ financial control, reduces supply chain cost, and increases contract compliance. Prodigo Solutions was founded in 2008 and is based in Cranberry Township, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Enhanced Healthcare Partners

Santa Monica, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Healthcare Partners is a specialist private equity firm that invests in lower-middle market growth companies in the healthcare sector. The Firm seeks to invest $10 to $50 million per transaction and will consider a variety of transaction types, including buyouts, growth equity, and recapitalizations. Enhanced Healthcare Partners was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 11 of 13
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Florida M&A 2 of 2
Country: United States M&A 11 of 13
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 MedTest DX

Canton, Michigan, United States

MedTest DX, Inc. designs, manufactures, and markets a range of chemistry instruments and provides supporting reagents and instrument service to physician offices, hospitals, reference laboratories, and research facilities. MedTest Dx was founded in 2011 and is based in Canton, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Vytalize Health

Hoboken, New Jersey, United States

Vytalize Health is a value-based care platform powering primary care practices with bold value-based incentives and smart technology. Vytalize provides an all-in-one solution that is uniquely efficient and effective. Vytalize Health was founded in 2014 and is based in Hoboken, New Jersey.

Buy -
SELLER

Eastward Capital

West Newton, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Eastward Capital Partners is a provider of venture debt and equity financing to technology companies backed by venture capital firms. Eastward looks to provide capital to companies that have the potential to be market leaders in their industry. Sectors of interest include communications, information technology (IT), healthcare, and alternative energy. Eastward was formed in 1994 and is based in West Newton, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 4C Insights

Chicago, Illinois, United States

4C Insights, Inc. is a provider of an integrated data analytics and social intelligence platform that allows advertisers to find the most valuable audiences. The 4C product suite includes activation on Facebook, Instagram, LinkedIn, Pinterest, Snapchat, and Twitter as well as TV synced ads across digital display, mobile, search, social, and video.

Sell $150M