Financial details were not disclosed. The current GHX senior management team will continue to manage the company.
“GHX maintains a strong position in North America and Europe with solutions that span the breadth of the healthcare supply chain. GHX will continue to diligently serve the needs of its customers through collaboration and strong partnership,” said Bruce Johnson, CEO and president of GHX.
“Thoma Bravo’s support and expertise in the software and healthcare IT industries will allow us to further capitalize on our leadership globally.”
“The GHX acquisition is consistent with our strategy of investing in companies that are clear leaders with significant recurring revenue streams,” said Orlando Bravo, a managing partner at Thoma Bravo. “GHX is ahead of the innovation curve with its efficiency solutions, and the growth opportunities for the company are significant as healthcare organizations look to streamline and automate their operations.”
GHX is headquartered in Louisville, Colo., with employees in the United States, Canada and Europe. GHX is known for its electronic trading exchange and supply chain solutions for med-surg. In 2013, the company launched its implantable devices supply chain solution to address inefficiencies and a lack of automation in the operating room.
“The management team at GHX has built a strong supply chain solutions company that is an industry leader with a proven track record,” added Seth Boro, a managing partner at Thoma Bravo. “GHX, with its mission to reduce the cost of healthcare, is uniquely positioned to continue leading the industry with its med-surg solutions and now with its new implantable devices supply chain solutions. We intend to build off of that reputation and help them accelerate their growth.”
About GHX
Global Healthcare Exchange, LLC (GHX) is driving costs out of healthcare by transforming the healthcare supply chain. Working with providers and suppliers, GHX is accelerating change by providing a faster, more efficient and collaborative supply chain that will take billions of dollars out of the cost of healthcare. For more information, visit www.ghx.com and The Healthcare Hub.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $4 billion of equity commitments. For more information, visit www.thomabravo.com.
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For GHX:
Sue Parente, Managing Partner
Tier One Partners
sparente@tieronepr.com
781-642-7788
For Thoma Bravo:
Jeff Segvich, Account Director
LANE
jeff@lanepr.com
503-546-7870
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