M&A Deal Summary

symplr Acquires HealthcareSource

On May 17, 2021, symplr acquired software company HealthcareSource from Francisco Partners

Acquisition Highlights
  • This is symplr’s 7th transaction in the Software sector.
  • This is symplr’s 10th transaction in the United States.
  • This is symplr’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-05-17
Target HealthcareSource
Sector Software
Buyer(s) symplr
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)
Kirkland & Ellis (Legal)

Target

HealthcareSource

Woburn, Massachusetts, United States
HealthcareSource is a provider of human-resources software services and solutions to the healthcare industry. The HealthcareSource Quality Talent Suite helps healthcare organizations recruit, develop, and retain the best workforce possible in order to improve the patient and resident experience. The company’s cloud-based talent management solutions include applicant tracking, behavioral assessments, reference checking, employee performance, compensation, competency and learning management, and eLearning courseware. HealthcareSource is based in Woburn, Massachusetts.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 12 of 17
Sector (Software) 7 of 8
Type (Add-on Acquisition) 8 of 12
State (Massachusetts) 1 of 1
Country (United States) 10 of 15
Year (2021) 2 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 SpinFusion

Denver, Colorado, United States

SpinFusion is a healthcare scheduling software provider with a focus on physician scheduling. The company's solutions are automated, completely customizable, web-based products, transforming healthcare staff scheduling into an effortless, quick, and efficient business task. Its clients span a variety of groups across the US and around the world. SpinFusion is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 69 of 81
Sector (Software) 24 of 28
Type (Add-on Acquisition) 44 of 49
State (Massachusetts) 3 of 4
Country (United States) 55 of 67
Year (2021) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 TS Imagine

New York, New York, United States

TS Imagine is a dynamic end-to-end trading and portfolio management software platform for connecting the investment management industry with a network of brokers, banks, and exchanges. TS Imagine is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 BluJay Solutions

Holland, Michigan, United States

BluJay Solutions is a provider of cloud-based, logistics execution platform. BluJay Solutions was founded in 1972 and is based in Holland, Michigan.

Sell $1.7B