Thoma Bravo Llc has finished its acquisition of Global Healthcare Exchange Llc or GHX that was first announced on February 2014, a statement about the acquisition said. Financial details of the transaction were not disclosed.
GHX leads in providing software solutions for the healthcare industry that automates the medical-surgical supply chain. It added more to its portfolio of services last year by coming up with "implantable device supply chain applications" for the operating room. At present, a complete view of the connections and performance along the supply chain as well as its link with the clinical and financial areas is made possible with cloud-based solutions of GHX, the statement said.
In a statement, Thoma Bravo Managing Partner Seth Boro explained why they chose to partner with GHX. He said, "GHX is one of the most significant companies in healthcare today because of its focus on enabling better patient care and billions in savings for providers and suppliers in the healthcare community. We wanted to partner with GHX and its management because the company is leading the charge in transforming the healthcare industry supply chain model to deliver cost reductions and better patient care."
What makes GHX stand out from other supply chain providers is that it forms and links the biggest collaborative community in healthcare. It gathers trading partners together and by providing timely and precise data and more automation, allows them to enhance their business processes, the report said.
GHX Chief Executive Officer Bruce Johnson said in the statement, "Over the past four years GHX has eliminated $4 billion from healthcare costs by enabling faster, more efficient, and more accurate procurement processes. As a result of our relationship with Thoma Bravo, we know we can deliver even more savings and are already identifying opportunities to make healthcare a more efficient and automated industry, critical in today's healthcare environment."
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