M&A Deal Summary

GHX Acquires Explorer Surgical

On October 14, 2021, GHX acquired medical products company Explorer Surgical

Acquisition Highlights
  • This is GHX’s 1st transaction in the Medical Products sector.
  • This is GHX’s 4th transaction in the United States.
  • This is GHX’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-10-14
Target Explorer Surgical
Sector Medical Products
Buyer(s) GHX
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Barnes & Thornburg (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 5 of 7
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Illinois) 2 of 2
Country (United States) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Lumere

Chicago, Illinois, United States

Lumere is an organization comprised of clinicians, researchers, pharmacists, and strategic thought leaders focused on helping health systems eliminate unwarranted clinical variation and cut unnecessary costs—specifically related to device and drug selection and utilization. Lumere was founded in 2012 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 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.

Buy -
Mergr

Product

Company

Legal