Thoma Bravo Completes Sale of GHX to Temasek
Temasek Acquires Majority Stake While Thoma Bravo Retains Minority Interest
San Francisco and Louisville, Colo. – July 13, 2017 – Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has completed its sale of Global Healthcare Exchange, LLC (GHX), a provider of connected intelligent healthcare supply chains, to Temasek, an investment company headquartered in Singapore. Under the agreement, Temasek acquired a majority stake while Thoma Bravo, the existing owner, retained a minority position. Financial details were not disclosed.
GHX is unique among supply chain providers as it creates and connects healthcare’s largest collaborative trading partner community, including providers, suppliers, distributors and group purchasing organizations (GPOs), to improve healthcare business processes with increased data accuracy and automation. Headquartered in Louisville, Colo., the company has employees in the United States, Canada and Europe and is known for its electronic trading exchange, electronic payment solution, and supply chain solutions.
“Over the course of our partnership, GHX has pursued a solid pro-growth strategy and now maintains a strong position in North American and Europe. Thoma Bravo has worked alongside GHX’s management team to make significant operational improvements and strategic growth investments, with the goal of achieving a leadership position in the healthcare supply chain,” said Seth Boro, a Managing Partner at Thoma Bravo. “We are confident that GHX will continue this trajectory and look forward to continuing to work with and support GHX in its next phase of growth.”
“GHX perfectly aligned with Thoma Bravo’s buy and build strategy and our expertise in building market-leading companies in fragmented but consolidating industry sectors,” added Arvindh Kumar, a Principal at Thoma Bravo. “Our partnership with GHX has proven to be another successful investment for us in the healthcare technology space, and is a prime example of the value Thoma Bravo brings to each of our portfolio companies.”
“Our goal at GHX has always been to deliver solutions that have a measurably positive impact on our customers’ businesses and the patients they serve. Thoma Bravo has helped us expand our solutions, grow our business and ultimately, drive improved efficiency and results in healthcare,” said Bruce Johnson, CEO and president of GHX. “We are excited about the addition of Temasek to GHX’s ownership and look forward to working with both organizations to grow our business.”
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit ThomaBravo.com.
Global Healthcare Exchange, LLC (GHX) drives costs out of healthcare with cloud-based supply chain management technology and services to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management and other supply chain-related tools and services. For more information, visit www.ghx.com and The Healthcare Hub.
Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 10 offices globally; including New York and San Francisco in the U.S., London in Europe, Beijing in China, and Mumbai in India, Temasek owns a S$275 billion (US$197b) portfolio as at 31 March 2017, mainly in Singapore and Asia. Temasek’s portfolio covers a broad spectrum of industries: telecommunications, media & technology; financial services; transportation & industrials; consumer & real estate; life sciences & agriculture; as well as energy & resources. Its investment activities are guided by four investment themes and the long-term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Temasek’s current and prior investments in the U.S. include Airbnb, Ancestry.com, Dell Technologies, Intapp, Internet Brands, Jasper, Univar, Verily Life Sciences and Virtu Financial. For more information, visit www.temasek.com.sg.