One of the Nashville Entrepreneur Center’s most successful alums has been sold.
Houston-based health-tech firm Symplr [stylized: symplr] has agreed to purchase GreenLight Medical, CEO Austin Dirks told the Business Journal. Terms of the deal were not disclosed.
Greenlight, which was previously housed in the Entrepreneur Center and was part of the EC’s Project Health Care program, provides a software platform to hospitals containing information facilities need to purchase medical devices. Users can compare product data, upload documents, discuss options and vote to make decisions on a central dashboard, shortening the buying process.
Dirks said the deal comes on the heels of GreenLight’s most successful year since its founding in 2015 and gives the health-tech firm an opportunity to grow even faster.
GreenLight’s more than 25 employees will remain with the company in Nashville, Dirks said, as will he and chief technology officer Stephen Saine.
“GreenLight was looking at ways to strengthen and grow our business and this partnership [with Symplr] makes sense in comparison to organic growth,” Dirks said in an interview. “What I’m really excited about is that it’s business as usual for GreenLight with a lot more oomph behind it.”
The deal marks the 16th acquisition for Symplr, which is backed by Clearlake Capital Group L.P., in the last six years, according to a news release. The company provides governance, risk and compliance and other health care operations software to health care providers. Symplr operates an office in Brentwood on Maryland Way.
The addition of Greenlight to Symplr’s platform will improve its spend management capabilities, according to the release.
“GreenLight Medical is a natural complement to our healthcare operations portfolio. The combination of Symplr’s spend management offering and GreenLight’s software platform will enable financial leaders across health systems to make more informed spending decisions,” Symplr CEO BJ Schaknowski said in the release.
