HGP Advises symplr in Acquisition of ComplyTrack from Wolters KluwerSeptember 09, 2020
symplr, a leading global healthcare governance, risk management, and compliance SaaS platform, backed by Clearlake Capital Group, L.P. and SkyKnight Capital, signed a definitive agreement to acquire ComplyTrack® from the Wolters Kluwer Legal & Regulatory division. The acquisition will further strengthen symplr as a global GRC leader by adding ComplyTrack’s risk and compliance software solutions, encompassing issue and action management, incident management, contract and document management, and audit management SaaS solutions.
Growth through acquisition, coupled with innovation, is an integral part of symplr’s business strategy to deliver the industry’s leading healthcare GRC SaaS platform. The planned acquisition of ComplyTrack represents symplr’s ninth successful acquisition in the past six years, and its fourth under sponsorship from Clearlake and SkyKnight since November 2018.
“The team and I are looking forward to bringing the ComplyTrack solution portfolio into our growing healthcare GRC platform,” said Rick Pleczko, CEO of symplr. “Combining ComplyTrack’s modular solutions with our provider quality and patient safety solutions creates a compelling and unique offering for our customers around the world. With the investment and support from Clearlake and SkyKnight, we are well-positioned to continue executing our growth strategy and strengthening our ability to help providers and payers meet regulatory compliance requirements and increase operational efficiency.”
To read more, visit the press release here.