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Symplr Capitalizes on Early Entry in Rapidly Growing Market, Achieving Signficant Revenue Growth through Strategic Initiatives

Industry: Healthcare compliance software 

Acquisition Date: 2012

Status: Sold in 2018 to a financial sponsor

Symplr was an early entrant in the burgeoning healthcare compliance market, delivering software applications that enabled healthcare organizations to eliminate the burden and reduce the cost of compliance and credentialing. Established in 2006, the company received significant interest from the investment community within only five years.

Since its investment in mid-2012, CapStreet has worked with Symplr’s founders and new management team to implement strategic and operational initiatives that capitalize on early market positioning and maximize growth potential. Key acquisitions and mergers have enabled Symplr to rapidly expand its markets and service offerings.

CapStreet Value Creation

CapStreet has provided resources and guidance for Symplr to realize its extraordinary potential, with strategies that have included:

  • Recruited a top-tier management team including CEO and Division leaders
  • Achieved significant revenue growth since 2012
  • Developed a professional sales organization, adding key talent and CRM
  • Implemented a new accounting system that provides enhanced controls and scale for acquisitions 
  • Built a product development organization
  • Implemented high velocity lead generation model 
  • Five acquisitions/mergers within three years
  • Sustained high organic growth rate through developing new markets, new customers and strategic pricing 
  • Recapitalization in 2015 to further expand solutions and market leadership
  • Created a market leader in healthcare compliance software 

Case studies have been included for illustrative purposes only and have been selected in order to provide examples of the types of investments previously made by The CapStreet Group and do not purport to be a complete list of investments.  A complete list of prior investments made by The CapStreet Group is available upon request.