Private-equity firm buying GHX in Louisville
Last Updated: 15:12 February 5, 2014
Financial terms of the deal were not disclosed.
Global Healthcare Exchange, or GHX, will keep its name and will remain in Louisville, according to Sue Parente, a GHX spokeswoman. Its operations are not expected to change, she said. The GHX senior management team will continue to manage the company, according to a press statement released by Thoma Bravo.
GHX has about 370 employees in Louisville, Parente said. In total, the company has 700 employees in Louisville, in Nashville, Tennessee, in Canada and in European locations.
Thoma Bravo plans to help GHX grow its operations, Orlando Bravo, a managing partner at the private equity firm, said in the press statement. GHX does not disclose revenue information.
GHX in 2013 rolled out a software program that can help hospitals automate their purchases of implantable medical devices, according to the press statement. The company also offers software programs for all health-care industry product purchases.
The company has about 4,100 hospitals in North America as customers, along with about 1,500 hospitals in the United Kingdom and Germany.
Thoma Bravo has headquarters offices in San Francisco and Chicago. The firm commonly invests $50 million to $300 million into companies it purchases, according to the Thomas Bravo website. The firm has more than $4 billion in capital under management.
The transaction is slated to close in mid-March, Parente said.
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