So right to the highlights.
Clearlake Capital, besides emerging as the victor in the process for healthcare-credentialing SaaS company Symplr, also struck an investment in OnShift. Read my story to learn how much Symplr commanded.
That’s two HCIT deals in two days and the Santa Monica, California, firm’s third of the year. Okay, Clearlake, you got my attention.
In other news, publicly traded Providence Service Corp is in market via JPM, I learned.
Until recently I wasn’t too familiar with Providence Service, which is in the business of both non-emergency medical transportation and in-home health assessments for seniors.
The latter, which does biz as Matrix Medical, is majority-owned by Frazier Healthcare, btw.
The process is in its early stages, but so far sources are calling Matrix the sexy piece of the company that the public markets have undervalued.
LogistiCare, which involves managing vans that bring patients to their doc appointments, is not so sexy, perhaps, but is a stable business and there could be an opportunity to cut lots of costs with automation on the back end.
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