Transactions
January 23 2015
Strata Decision Technology Has Been Acquired By Roper
Company Description
Strata Decision Technology (“Strata”) provides an end-to-end platform solution for health system financial analytics and performance. Strata’s cloud-based SaaS platform, StrataJazz, addresses the financial planning, decision support, and continuous cost improvement requirements of hospitals and health systems. StrataJazz is an enterprise-wide, modular solution that integrates with organizations’ existing EHRs, ERPs and enterprise data warehouses for robust data analytics that support key operations and financial decisions.
Systemic changes in the healthcare industry are substantially increasing the pressure for health systems to manage costs and make information-based strategic decisions. To remain viable amid rapidly evolving reimbursement structures and patient mix, hospitals must make significant changes to their cost structures. Despite the robust need for cost containment, health systems lack accurate, timely and complete cost information which is driving significant market needs for cost analytics solutions like Strata.
Objectives
Strata and its private equity investor, Veronis Suhler Stevenson, engaged TripleTree to help assess strategic options for the Company. TripleTree was chosen as the exclusive advisor to Strata due to its successful track record and deep experience working with rapidly growing healthcare technology and analytics companies. The Company’s management team sought an acquirer that would be a true partner that could help take advantage of an enormous market opportunity and continue Strata’s strong legacy as a software and analytics innovator.
Results
After assessing several highly qualified candidates, Strata chose to partner with Roper Industries (NYSE:ROP). Roper is a $14.5B market capitalization company that provides technology-led products and solutions for global niche markets, including software, medical, water, energy and transportation. Strata’s unique financial analytics modules and emerging continuous cost improvement solution will be a powerful tool within Roper Industries as they continue to expand its healthcare vertical. Strata will leverage the expertise, resources and relationships of Roper in order to further penetrate its core markets, as well as expand its solutions to meet additional market needs.
LEAD INVESTMENT BANKERS
Jason Grais
Brian Klemenhagen
Company Description
Strata Decision Technology (“Strata”) provides an end-to-end platform solution for health system financial analytics and performance. Strata’s cloud-based SaaS platform, StrataJazz, addresses the financial planning, decision support, and continuous cost improvement requirements of hospitals and health systems. StrataJazz is an enterprise-wide, modular solution that integrates with organizations’ existing EHRs, ERPs and enterprise data warehouses for robust data analytics that support key operations and financial decisions.
Systemic changes in the healthcare industry are substantially increasing the pressure for health systems to manage costs and make information-based strategic decisions. To remain viable amid rapidly evolving reimbursement structures and patient mix, hospitals must make significant changes to their cost structures. Despite the robust need for cost containment, health systems lack accurate, timely and complete cost information which is driving significant market needs for cost analytics solutions like Strata.
Objectives
Strata and its private equity investor, Veronis Suhler Stevenson, engaged TripleTree to help assess strategic options for the Company. TripleTree was chosen as the exclusive advisor to Strata due to its successful track record and deep experience working with rapidly growing healthcare technology and analytics companies. The Company’s management team sought an acquirer that would be a true partner that could help take advantage of an enormous market opportunity and continue Strata’s strong legacy as a software and analytics innovator.
Results
After assessing several highly qualified candidates, Strata chose to partner with Roper Industries (NYSE:ROP). Roper is a $14.5B market capitalization company that provides technology-led products and solutions for global niche markets, including software, medical, water, energy and transportation. Strata’s unique financial analytics modules and emerging continuous cost improvement solution will be a powerful tool within Roper Industries as they continue to expand its healthcare vertical. Strata will leverage the expertise, resources and relationships of Roper in order to further penetrate its core markets, as well as expand its solutions to meet additional market needs.
LEAD INVESTMENT BANKERS
Jason Grais
Brian Klemenhagen
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