Overland Park, KS-based Cactus Software, a leader in the development and support of provider management software for hospitals, managed care organizations, CVOs, and physician groups today announced a merger with symplr®, a leading provider of Software as a Service (SaaS) based healthcare compliance and credentialing solutions. The combined company now possesses the largest customer base, highest revenue and most comprehensive product and service offering.
“Cactus Software has been at the helm of the provider credentialing market for more than 30 years, and we are excited to combine our product and customer portfolios with this highly regarded brand,” said Rick Pleczko, President and CEO of symplr. “We are proud to now say that our combined company offers a solution unparalleled by any other vendor in the market.”
With the addition of Cactus, symplr now delivers software solutions to more than 3,500 healthcare organizations, enabling these organizations to manage the complete provider management lifecycle and helping to mitigate risk, increase patient safety and improve quality of care.
“Cactus and symplr are both client-focused organizations that create software and services solutions driven by the needs of our customers,” said Wayne Auer, President and CEO of Cactus Software. “We are excited to join forces with symplr to offer our clients the next generation centralized provider management platform that simply and effectively takes a healthcare organization from start to finish in their provider management workflow.”
symplr is a portfolio company of The CapStreet Group and Pamlico Capital.
Neil Kallmeyer, Managing Partner at The CapStreet Group, stated, “The completion of the Cactus and symplr merger represents symplr’s fourth transaction in less than two years. We continue to pursue acquisition opportunities to further expand symplr’s product offerings, solidifying the company's position as the leading compliance and credentialing company in the healthcare industry.”
Art Roselle, Partner at Pamlico Capital, added, “We’re very excited about the momentum symplr has shown since our investment in November 2015. Their combination of product innovation and acquisition integration has driven outstanding growth in recent years. We look forward to working with the symplr team to help further fuel their growth in the future.”