Expansion via Acquisitions, Diversification of Service Offerings, and Operational Improvements Led to a Successful Exit
Company Overview
symplr provides an industry-leading SaaS solution to help healthcare organizations navigate the complexities associated with governance, risk, and compliance (“GRC”). It provides a complete suite of provider management, credentialing management, and payor enrollment solutions and competes against a fragmented set of competitors. In partnership with leadership, Capstreet invested in expanding management talent, augmenting systems, and executing on five acquisitions, ultimately creating a market leader in healthcare credentialing and compliance.
Path to Value Creation
Capstreet has provided resources and guidance for symplr to realize its potential, with strategies that have included:
- Recruited a top-tier management team including CEO and division leaders
- Achieved significant revenue growth since 2012
- Developed a professional sales organization, adding key talent and CRM
- Implemented a new accounting system that provides enhanced controls and scale for acquisitions
- Built a product development organization
- Implemented high-velocity lead generation model
- Completed five strategic add-on acquisitions
- Sustained high organic growth rate through developing new markets, new customers and strategic pricing
- Recapitalized the business in 2015 to further expand solutions and market leadership
- Created a market leader in healthcare compliance software
