Transaction strengthens symplr’s financial position and supports continued investment in its customers and healthcare operations solutions
, /PRNewswire/ — symplr®, a leading provider of enterprise healthcare operations software, today announced the completion of the strategic refinancing transaction it disclosed on October 6.
The completed transaction extends symplr’s key debt maturities, enhances liquidity and provides the company with greater financial flexibility and additional runway to execute its long-term strategy. The transaction includes substantial new investment from symplr’s sponsors, Clearlake Capital Group and Charlesbank Capital Partners, and has the broad support of symplr’s lender groups.
“Completing this transaction is an important step forward for symplr,” said Venkat Kavarthapu, CEO of symplr. “It strengthens our financial position and gives us additional flexibility to invest in our business, advance our healthcare operations solutions and continue delivering value for the healthcare organizations we serve. We appreciate the continued support of Clearlake, Charlesbank and our lenders, which reflects confidence in symplr, our team and the opportunity ahead.”
About symplr
symplr is a leader in enterprise healthcare operations software and services with a first-of-its-kind operations platform. Trusted in 9 of 10 U.S. hospitals and 400+ U.S. health plans, symplr optimizes operations and maximizes care powered by our cloud-based workforce, quality, provider data management, and spend solutions. Gain efficiency, reduce complexity, and improve outcomes where it matters most. Learn how to stay ahead of change at www.symplr.com.
SOURCE symplr
