Healthcare compliance software provider Symplr agreed to acquire information management platform developer Phynd for an undisclosed amount yesterday, allowing healthcare providers MemorialCare Health System, UNC Rex Healthcare and Orlando Health to exit.
Phynd is the creator of a software platform that manages enterprise data, and which will be used to strengthen Symplr’s healthcare governance, risk management and compliance product.
The company secured over $8m in a February 2019 series B round featuring MemorialCare, UNC Rex and Orlando Health, which invested through MemorialCare Innovation Fund, Rex Ventures and Orlando Health Ventures respectively.
The 2019 round followed at least $750,000 in earlier funding from investors including Rex Ventures, Orlando Health Ventures and Dallas Venture Partners. Harris Williams and Healthcare Growth Partners were financial advisers for Symplr on the acquisition deal.
