Tuesday, 11 March 2014. Thoma Bravo, LLC, a leading private equity investment firm, has completed its acquisition of Global Healthcare Exchange, LLC (GHX), a provider of connected, intelligent healthcare supply chains.
"GHX is one of the most significant companies in healthcare today because of its focus on enabling better patient care and billions in savings for providers and suppliers in the healthcare community," said Seth Boro, managing partner at Thoma Bravo. "We wanted to partner with GHX and its management because the company is leading the charge in transforming the healthcare industry supply chain model to deliver cost reductions and better patient care."
GHX is a leader in software solutions that automate healthcare's medical-surgical supply chain, and last year, expanded its solutions into the operating room with implantable device supply chain applications. Today, its cloud-based solutions are poised to deliver a 360-degree view of supply chain performance that enables linkages between supply chain, clinical and financial areas.
"Over the past four years GHX has eliminated $4 billion from healthcare costs by enabling faster, more efficient, and more accurate procurement processes," said GHX CEO Bruce Johnson. "As a result of our relationship with Thoma Bravo, we know we can deliver even more savings and are already identifying opportunities to make healthcare a more efficient and automated industry, critical in today's healthcare environment."
GHX is unique among supply chain providers as it creates and connects healthcare's largest collaborative community, which brings together trading partners including providers, suppliers, distributors and group purchasing organizations (GPOs), enabling them to improve their business processes based on more timely and accurate data and greater automation.
From the time GHX was founded in 2000 by five of the world's largest medical product manufacturers, the company's equity ownership had grown to 20 organizations, which unanimously approved the Thoma Bravo acquisition. The acquisition was previously announced in a news release on February 5, 2014. Financial terms were not disclosed.