symplr acquires Midas Health Analytics Solutions for $ 340M –

What you should know:

– simplr, a global leader in corporate health operations, including management, risk management and compliance (“GRC”) SaaS solutions, announced that it has acquired Midas Health Analytics Solutions (“Midas”) from Conduent Incorporated for $ 340 million. The transaction is expected to be completed in the first quarter of 2022, provided that the usual closing conditions and regulatory approvals are met.

– The acquisition highlights simplr’s aggressive M&A strategy and explosive growth in the last few years, where they have acquired 14 companies over a six-year period. symplr, backed by Clearlake and Charlesbank Capital, has increased its valuation tenfold since 2018, taking the company into the multi-billion-dollar realm. simplr’s SaaS solutions – used by 3,000+ customers and 5M + healthcare professionals – aim to reconcile the traditional siled nature of healthcare.

Midas Robust Data Warehouse

Midas Health Analytics Solutions utilizes a robust data warehouse with over 100 million requirements and 30,000+ indicators as well as comparative data from approximately 800 hospitals. Through its clinical and analytical transformation software solutions, Midas offers strategic guidance, tactical plans and care management interventions to help healthcare clients improve healthcare outcomes for patients.

“Midas Health Analytics Solutions brings action-oriented data and insights to help simpler’s healthcare system clients improve patient care and deliver better results,” said BJ Schaknowski, CEO of simpler. “With integrated quality results and machine learning-based advanced analytics, our combined compliance, quality and safety software portfolio can better predict patient-specific risks, provide insight into population health and proactively improve and support business intelligence performance further promoting simplr’s mission to transform healthcare operations.”

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