API Healthcare in
Hartford is being acquired by Houston-based Symplr.
HARTFORD — Houston-based Symplr, a software-as-a-service
platform for health care organizations, announced in a
news release Wednesday afternoon that it has agreed to
acquire Hartford-based API Healthcare.
API provides software to manage health care staffing and
API Healthcare makes software for health care workforce
management. The acquisition allows Symplr to expand its
software suite. Whereas Symplr has specialized in
software services for governance, risk management and
compliance, API Healthcare offers time and attendance,
staffing and scheduling, patient classification, HR,
payroll and analytics software to more than 375
hospitals and health systems, according to a press
release from Santa Monica, California-based private
equity group Clearlake Capital Group LP.
Symplr was sold to Clearlake Capital in December 2018.
Symplr and Clearlake Capital purchased API Healthcare
from New York-based Veritas Capital. The financial terms
of the deal were not disclosed.
In August last year, API moved from the the GE Research
Park office in Wauwatosa where a GE Healthcare Digital
satellite office was being formed. They moved back to
their former location on Innovation Way in Hartford,
which still had not been sold.
“This is a transformational acquisition that further
expands our health care software footprint and broadens
our SaaS offerings by strengthening Symplr’s existing
GRC platform and adding new workforce management
capabilities,” said Rick Pleczko, CEO, and Tres
Thompson, COO and CFO, of Symplr in the release.
API Healthcare was acquired by General Electric in 2014.
In July 2018, an affiliate of Veritas Capital acquired
API Healthcare and some other GE health care assets for
$1.05 billion in cash, according to a press release.
That is when they moved back to their former location in