M&A Deal Summary

symplr Acquires Centricity Contingent Staffing

On February 20, 2019, symplr acquired information technology company Centricity Contingent Staffing from Veritas Capital

Acquisition Highlights
  • This is symplr’s 1st transaction in the Information Technology sector.
  • This is symplr’s 6th transaction in the United States.
  • This is symplr’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-02-20
Target Centricity Contingent Staffing
Sector Information Technology
Buyer(s) symplr
Sellers(s) Veritas Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Centricity Contingent Staffing

Hartford, Wisconsin, United States
Centricity Contingent Staffing is a provider of human capital management solutions to the healthcare industry including time and attendance, staffing and scheduling, patient classification, payroll, human resource, productivity management and education tracking software.

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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 6 of 17
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 3 of 12
State (Wisconsin) 1 of 1
Country (United States) 6 of 15
Year (2019) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 IntelliSoft Group

Nashua, New Hampshire, United States

IntelliSoft Group LLC is a provider of medical credentialing, provider enrollment, and contract management software in combination with CVO services. The company’s products, IntelliCred, IntelliApp, IntelliSolution, and IntelliContract are used by healthcare systems, hospitals, managed care organizations, credentials verification organizations, individual practice associations, and sub-acute healthcare organizations.

Buy -

Seller(S) 1

SELLER

Veritas Capital

New York, New York, United States
Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 19 of 27
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 10 of 14
State (Wisconsin) 1 of 1
Country (United States) 19 of 27
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 StandardAero

Scottsdale, Arizona, United States

StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Virence Health Technologies

Westborough, Massachusetts, United States

Virence Health Technologies is a leading software provider that leverages technology and analytics to help healthcare providers across the continuum of care effectively manage their financial, clinical, and human capital workflows. Offering a comprehensive suite of innovative technology-enabled solutions, Virence aims to improve quality, increase efficiency, and reduce waste in the healthcare industry.

Sell -
Mergr

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