Symplr Software’s Acquisition Of ComplyTrack

Sidley Austin LLP advised Symplr Software on the deal.

symplr, a leading global healthcare governance, risk management, and compliance (“GRC”) software-as-a-service (“SaaS”) platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and SkyKnight Capital (together with its affiliates, “SkyKnight”), signed a definitive agreement to acquire ComplyTrack® from the Wolters Kluwer Legal & Regulatory division earlier today. The acquisition will further strengthen symplr as a global GRC leader by adding ComplyTrack’s risk and compliance software solutions, encompassing issue and action management, incident management, contract and document management, and audit management SaaS solutions.

The combination of symplr and ComplyTrack would expand the healthcare industry’s leading end-to-end GRC platform of scale by bolstering symplr’s existing provider quality and patient safety software solutions. symplr’s SaaS platform will now offer an end-to-end solution encompassing provider data management, workforce management, vendor and visitor management, and quality, compliance & safety, addressing the full spectrum of healthcare labor regulatory requirements while also improving patient outcomes and quality of service.

Symplr designs and develops software solutions. The Company offers consultants, vendors, contractors, nurses, staff, and students credentialing software.

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors.

The Sidley team was led by Mehdi Khodadad (Picture), Nicolai Schwarz-Gondek and Ryan Hicks.

Involved fees earner: Ryan Hicks – Sidley Austin LLP; Mehdi Khodadad – Sidley Austin LLP; Nicolai Schwarz-Gondek – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Symplr;

Author: Ambrogio Visconti