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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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Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
David Hopkins  Special Counsel Colorado
Peter Burns  Of Counsel Palo Alto
Elisa Rosen  Special Counsel Washington, DC
Jacqueline Grise  Partner Washington, DC
Sharon Connaughton  Special Counsel Washington, DC
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David Dalton  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Kevin King  Partner Washington, DC
Randy Sabett  Special Counsel Washington, DC
Judd Lauter  Associate San Francisco
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Paula Fleckenstein  Associate Reston
Rebecca Ross  Special Counsel Washington, DC
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Related Practices & Industries

Mergers & Acquisitions  Software