Global Healthcare Exchange has acquired Chicago-based Explorer Surgical Corp., operator of a digital and remote case support service that connects suppliers with healthcare provider teams. GHX is backed by Warburg Pincus and Temasek.
“To succeed in value-based healthcare, organizations must democratize knowledge and data to create more efficient processes and better outcomes,” said Bruce Johnson, president and CEO, GHX. “Patient care decisions must be grounded in data, product expertise and procedural best practices because lives depend on it. Our combined organization will work to reduce unwarranted variation in healthcare and help the industry deliver on the promise of value-based care.”
“Healthcare is rife with inefficiency and must standardize the operational and clinical best practices and products that yield the best possible patient outcomes,” said Jennifer Fried, co-founder and CEO of Explorer Surgical. “With GHX, Explorer Surgical is well-positioned to provide tremendous value to the healthcare supplier industry and providers by integrating our technology to improve the delivery of care. Combining our companies accelerates our core mission of using technology and data to enable all healthcare stakeholders to collaborate to improve outcomes in the most intensive of care settings. I’d like to thank Cody Kittle at Elliott Management and Ned Scheetz at Aphelion Capital for their unwavering support in driving this result.”
BakerHostetler LLP acted as legal advisor to GHX. Barnes & Thornburg LLP acted as legal advisor and Piper Sandler & Co. acted as financial advisor to Explorer Surgical.