GTCR portfolio company Cedar Gate Technologies has acquired Software-as-a-Service provider Deerwalk, Inc.
The acquisition expands healthcare advisory company Cedar’s technology offerings. “Deerwalk’s SaaS solutions and capabilities are highly complementary to our current platforms,” says Cedar CEO David Snow Jr. “Together, we enhance our ability to deliver end-to-end analytics, technologies, reporting, reconciliation and administrative services to any entity taking or managing healthcare risk. Today, we are the only vendor that offers a comprehensive solution for payers and providers at risk for the healthcare dollar.”
Cedar’s acquisition of Deerwalk is an example of GTCR’s commitment to The Leaders Strategy, according to GTCR managing director Dean Mihas. As part of GTCR’s The Leaders Strategy, the company identifies and partners with top executives in an industry and builds a fast-growing business with them in that industry, often through acquisitions.