Clearlake’s Acquisition of Symplr

TripleTree and Harris Williams served as financial advisors to Clearlake. William Blair & Company served as financial advisor to symplr, Pamlico Capital and The CapStreet Group. Cooley advised Clearlake Capital Group.

Clearlake Capital Group, L.P. has signed a definitive agreement to acquire symplr, the leading healthcare governance, risk and compliance software-as-a-service (“SaaS”) platform, from Pamlico Capital and The CapStreet Group. The Company will continue to be led by Rick Pleczko, CEO, and Tres Thompson, CFO. Financial terms were not disclosed.

symplr is the leading healthcare GRC SaaS platform, offering provider management, credential management and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr’s broad platform provides an end-to-end software solution for healthcare organizations to manage the compliance and credentialing requirements of their provider, staff and contractor communities.

Cooley advised Clearlake Capital Group with a team including Mehdi Khodadad, Eric Batill, Josh DuClos (Picture), Daniel Elefant, Anthony Friedman, John T. Stellini, Eric Kauffman, Ross Eberly, Stacy Crosnicker, Jacqueline Grise, Sharon Connaughton, Phil Mitchell, Buff Miller, Janet Cullum, David Hopkins, Peter Burns, Thomas Connors, Kevin King, Cynthia O. Smuzynska, Leanne Andrepont, Rebecca Ross, Patrick M. Stewart, David Crawford, Randy Sabett, Smita Rajmohan, David Dalton, Alan Ai, Kelsey Velemirovich, Allison Krause and Bryan Berman.

Involved fees earner: Mehdi Khodadad – Cooley LLP; Eric Batill – Cooley LLP; Josh DuClos – Cooley LLP; Daniel Elefant – Cooley LLP; Anthony Friedman – Cooley LLP; John Stellini – Cooley LLP; Alan Ai – Cooley LLP; Bryan Berman – Cooley LLP; Eric Kauffman – Cooley LLP; Ross Eberly – Cooley LLP; Stacy Crosnicker – Cooley LLP; Buff Miller – Cooley LLP; Jacqueline Grise – Cooley LLP; Sharon Connaughton – Cooley LLP; Phil Mitchell – Cooley LLP; Peter Burns – Cooley LLP; Cynthia Smuzynska – Cooley LLP; Randy Sabett – Cooley LLP; Smita Rajmohan – Cooley LLP; Kelsey Velemirovich – Cooley LLP; Janet Cullum – Cooley LLP; David Hopkins – Cooley LLP; Thomas Connors – Cooley LLP; Allison Krause – Cooley LLP; Kevin King – Cooley LLP; Rebecca Ross – Cooley LLP; Patrick Stewart – Cooley LLP; David Crawford – Cooley LLP; David Dalton – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Clearlake Capital Group, L.P.;

Author: Ambrogio Visconti