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Symplr Completes Acquisition Of Midas Health Analytics Solutions From Conduent

Feb 09, 2022•almost 4 years ago

Acquiring Company

symplr

Acquired Company

Midas Health Analytics Solutions

HoustonHealth CareSoftware

Description

symplr®, the leader in enterprise healthcare operations including governance, risk management, and compliance ("GRC") SaaS solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Charlesbank Capital Partners (together with its affiliates, "Charlesbank"), announced today that it has completed its acquisition of Midas Health Analytics Solutions ("Midas") from Conduent Incorporated (Nasdaq: CNDT) ("Conduent").

Company Information

Company

symplr

Location

Houston, Texas, United States

About

symplr is a leader in enterprise healthcare operations software and services. Trusted by leaders for more than 30 years, our solutions are found in 400+ U.S. health plans and 9 of 10 U.S. hospitals where our cloud-based solutions drive better operations for better outcomes. Our provider data management, workforce management, compliance, quality and safety, and contract and supplier management solutions improve the efficiency and efficacy of healthcare operations. This enables caregivers to quickly handle administrative tasks, so they have more time to do what they do best: provide high-quality patient care.

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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