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Global Healthcare Exchange Completes Acquisition Of Prodigo Solutions

Apr 25, 2023•over 2 years ago

Acquiring Company

Global Healthcare Exchange

Acquired Company

Prodigo Solutions, Inc.

LouisvilleCranberryAnalyticsHealth CareInformation Technology

Description

Global Healthcare Exchange (GHX) announced today that it has completed the acquisition of Pittsburgh, Penn.-based Prodigo Solutions, Inc. (Prodigo), a supply chain and data enablement technology company.

Company Information

Company

Global Healthcare Exchange

Location

Louisville, Colorado, United States

About

GHX is a software-as-a-service company that’s reducing the cost of doing business in healthcare by automating supply chain processes and improving visibility into the products used in patient care. We’ve built the GHX Global Network, the world’s largest community of healthcare trading partners, connecting supply chain, finance and clinical professionals with their suppliers. Our cloud-based technology makes it easier for customers to drive costs out of the healthcare supply chain. Since 2010, we’ve saved the healthcare industry $5+ billion. Today we’re expanding our solutions to further enhance data management and allow integration of clinical and business systems.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed