M&A Deal Summary

symplr Acquires Cactus Software

On April 5, 2016, symplr acquired software company Cactus Software

Acquisition Highlights
  • This is symplr’s 2nd transaction in the Software sector.
  • This is symplr’s 4th transaction in the United States.
  • This is symplr’s 1st transaction in Kansas.

M&A Deal Summary

Date 2016-04-05
Target Cactus Software
Sector Software
Buyer(s) symplr
Deal Type Merger
Advisor(s) Alpine Healthcare Advisors (Financial)

Target

Cactus Software

Overland Park, Kansas, United States
Cactus Software is a provider in the development and support of provider management software for hospitals, managed care organizations, CVOs, and physician groups.

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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 4 of 18
Sector: Software M&A 2 of 9
Type: Merger M&A Deals 3 of 3
State: Kansas M&A 1 of 1
Country: United States M&A 4 of 16
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 CBR Associates

Durham, North Carolina, United States

CBR Associates develops comprehensive, user friendly software programs for physician credentialing, occurrence tracking and incident tracking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Vistar Technologies

Wellington, Florida, United States

Vistar Technologies Corp. is a provider of powerful web-based system with comprehensive functionality for quality and provider data management. The eVIPs solution is a state of the art application that supports all aspects of provider data management including recruiting, credentialing, targeted verifications, criteria based privileging, quality management, ongoing monitoring and compliance. The eVIPs solution will provide a core source system for quality analysis, data access and reporting. Vistar Technologies has a proven track record, as a strategic solutions provider and integration partner for healthcare organizations across the country.

Buy -