Symplr, a healthcare governance, risk and compliance platform, has signed an agreement to acquire API Healthcare, a provider of human capital management software solutions, from Veritas Capital.

Financial terms of the deal were not disclosed.

Houston-based symplr, which was founded in 2006, seeks to help healthcare organizations make compliance and credentialing easier for stakeholders. In addition to general and vendor credentialing services, the business offers provider management software and payer enrollment services. Last October, private investment firm Clearlake Capital Group signed an agreement to acquire symplr from Pamlico Capital and The CapStreet Group for an undisclosed amount.

As for API Healthcare, it provides time and attendance, staffing and scheduling, HR, patient classification, payroll and analytics software to hospitals. GE Healthcare bought the Hartford, Wisconsin-based company in 2014, then sold it to Veritas Capital last year.

By bringing together symplr and API Healthcare, the companies seek to address the full spectrum of labor regulatory requirements, improve patient outcomes and boost the quality of service.

In a statement, Rick Pleczko, symplr CEO, and Tres Thompson, symplr COO and CFO, said:

This is a transformational acquisition that further expands our healthcare software footprint and broadens our SaaS offerings by strengthening symplr’s existing GRC platform and adding new workforce management capabilities. Together with API, symplr will continue to pursue the mission of providing software solutions that help healthcare organizations meet regulatory compliance requirements and increase operational efficiency. This is a powerful combination for our customers, partners and team.

Photo: AndreyPopov, Getty Images

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