Transactions
November 25 2015
TripleTree advised Welltok in its acquisition of Silverlink.
Company Description
symplr is a leading provider of SaaS-based solutions that address the compliance and credentialing needs of healthcare organizations. The Company’s platform addresses provider credentialing, privileging, quality management, incident management and peer review; vendor, contractor and staff credentialing; and payor enrollment services. symplr allows healthcare organizations to manage all the compliance and credentialing requirements of their provider, vendor, and staff communities with a single, integrated platform.
Objectives
Having achieved very significant and profitable growth, symplr engaged TripleTree to explore a range of strategic alternatives, including gaining access to a greater source of capital to fuel significant organic and acquisitive growth initiatives. TripleTree was chosen as the exclusive advisor to symplr given TripleTree’s domain expertise in healthcare compliance specifically and proven track record working with rapidly growing healthcare technology companies. TripleTree positioned symplr’s broad capabilities and extensive, multi-segment customer footprint as a leading platform in a fragmented but growing and attractive healthcare compliance market.
Results
symplr realized a successful recapitalization led by Pamlico and existing investors, including The CapStreet Group. Pamlico distinguished itself by sharing the same vision and passion for building the clear brand leader in healthcare compliance.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
Michael Hughey
Company Description
symplr is a leading provider of SaaS-based solutions that address the compliance and credentialing needs of healthcare organizations. The Company’s platform addresses provider credentialing, privileging, quality management, incident management and peer review; vendor, contractor and staff credentialing; and payor enrollment services. symplr allows healthcare organizations to manage all the compliance and credentialing requirements of their provider, vendor, and staff communities with a single, integrated platform.
Objectives
Having achieved very significant and profitable growth, symplr engaged TripleTree to explore a range of strategic alternatives, including gaining access to a greater source of capital to fuel significant organic and acquisitive growth initiatives. TripleTree was chosen as the exclusive advisor to symplr given TripleTree’s domain expertise in healthcare compliance specifically and proven track record working with rapidly growing healthcare technology companies. TripleTree positioned symplr’s broad capabilities and extensive, multi-segment customer footprint as a leading platform in a fragmented but growing and attractive healthcare compliance market.
Results
symplr realized a successful recapitalization led by Pamlico and existing investors, including The CapStreet Group. Pamlico distinguished itself by sharing the same vision and passion for building the clear brand leader in healthcare compliance.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
Michael Hughey
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