Clearlake-Backed Symplr to Acquire API Healthcare

Palo Alto – March 12, 2019 – Cooley advised Clearlake Capital Group-backed Symplr on its agreement to acquire API Healthcare, a provider of healthcare human capital management software solutions, from Veritas Capital.

"Together with API, Symplr will continue to pursue the mission of providing software solutions that help healthcare organizations meet regulatory compliance requirements and increase operational efficiency,” said Symplr CEO Rick Pleczko and COO and CFO Tres Thompson in a joint statement. “This is a powerful combination for our customers, partners and team."

A healthcare governance, risk and compliance software-as-a-service platform, Symplr’s mission is to make healthcare compliance and credentialing simpler for all constituents of the healthcare community.

Cooley has a longstanding relationship with Clearlake, advising the private investment firm on various deals and portfolio matters since 2011. Most recently, in January, Cooley advised Clearlake-backed Perforce Software on its agreement to acquire Rogue Wave Software.

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Mergers & Acquisitions  Software