Ziegler advises Greenlight Medical on its acquisition by Symplr | News

CHICAGO, March 22, 2022 /PRNewswire-PRWeb/ — Ziegler, a specialty investment bank, is pleased to announce that it has been the exclusive financial advisor to GreenLight Medical (GreenLight), a leading provider of supply chain management software. Healthcare Supply in connection with its transaction with Symplr, a provider of enterprise healthcare operations solutions.

This combination creates a leading provider of integrated healthcare cost management solutions, as GreenLight’s platform will seamlessly assimilate with Symplr’s existing expense management offering. It also builds on the recent successful partnership between GreenLight and Symplr through their collaboration using Symplr’s Supplier Accreditation solution, which was launched in August 2018. The acquisition is a key next step in Symplr’s goal to meet the full spectrum of healthcare systems’ operational needs with technology solutions. By leveraging Symplr’s Hayes clinical evidence software solution and GreenLight’s proprietary platform, the combined entity will offer one of the most comprehensive value analytics tools in the industry.

GreenLight Medical streamlines the introduction and evaluation of new medical technologies and equipment by hospitals, ambulatory surgery centers and physicians in collaboration with healthcare providers such as medical device companies and medical representatives. GreenLight not only speeds up the procurement process for healthcare organizations, it also ensures that informed decisions are made by giving suppliers access to the latest clinical research on devices and equipment in a simple interface. GreenLight has been recognized as Nashville Healthcare Startup of the Year, Nashville Small Business of the Year, Nashville Best in Business Winner, and Nashville Tech Company of the Year Finalist in addition to other accolades.

Symplr offers a range of solutions to meet the diverse needs of healthcare organizations. Symplr’s solutions are used in 9 out of 10 US hospitals, as the company has been committed to improving healthcare operations with innovative solutions for over 30 years. Its product suite supports a wide range of healthcare operations, including provider data management, workforce management, contract management, and more.

Chris RogersSenior Managing Director of Ziegler Healthcare Corporate Finance, said, “We were honored to be selected to serve as exclusive financial advisor to Greenlight and delighted with the outcome for Austin, his team and Symplr as well. Hospitals and health systems are actively seeking innovative solutions and data-driven ways to improve spending decisions and the combination of Greenlight and Symplr creates a holistic suite of solutions to strengthen this decision-making across their continuum. .”

Austin DirkCEO of GreenLight, said, “I started this company with a mission to greenlight real medical technology into the hands of doctors and hospital leaders. The opportunity with Symplr will not only preserve this mission, but also accelerate it, driving end-to-end to end healthcare operations at the next level. »

Ziegler’s Corporate Finance team is focused on providing best-in-class advisory and financing solutions for businesses and organizations in the healthcare industry. In our core practice areas of health services, information technology, hospitals and retirement homes, Ziegler is one of the most active M&A firms offering innovative sales, purchase, recapitalization/restructuring, private placement and strategic partnership.

For more information about Ziegler, please visit us at http://www.ziegler.com.

About Ziegler:

Ziegler is a private national investment bank, capital markets and proprietary investment firm. It focuses solely on the healthcare, residential care and education sectors, as well as general municipal and structured finance. Based at Chicago With regional offices and branches across the United States, Ziegler provides its clients with capital raising, strategic advisory, fixed income sales, underwriting and trading services, as well as Ziegler Credit, Monitoring and Analytics. To learn more, visit http://www.ziegler.com.

Certain comments in this press release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client’s experience may not be representative of the experience of other clients, nor indicative of performance or future success. Forward-looking statements are subject to a number of risks and uncertainties, including the overall financial health of the securities industry, the health of the U.S. economy and municipal securities market, the ability of the Company to underwrite and distribute securities, the market value of the mutual fund portfolios and segregated account portfolios advised by the Company, the sales volume of its retail brokers, the outcome of pending litigation and the ability to attract and retain qualified employees.

Media Contact

Christine McCartyZiegler, 3125961617, [email protected]

SOURCE Ziegler

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