Private equity firm Clearlake Capital Group, based in Santa Monica, has completed its acquisition of Symplr, a health-tech company based in Houston, the company announced on Dec. 7.
Clearlake Capital acquired the health care governance, risk and compliance software platform from Pamlico Capital and the CapStreet Group for undisclosed terms. SkyKnight Capital, based in San Francisco, also invested in the transaction.
Symplr’s software-as-a-service platform provides provider management, credential management and payer enrollment to more than 1,500 clients who represent more than 4,000 health care facilities in North America.
Clearlake’s core target sectors for investment include the industrial, energy and software industries.
The firm ranked No. 8 on the Business Journal’s 2018 list of the largest private equity firms in Los Angeles and manages $7 billion in assets. In March, Clearlake fundraised $3.6 billion for its Fund V round.
Health business reporter Dana Bartholomew can be reached at firstname.lastname@example.org. Follow him on Twitter @_DanaBart.
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