SpinFusion, Inc.
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SpinFusion, Inc. - overview
Location
Denver, CO, US
Primary Industry
Healthcare IT
About
Based in the US, SpinFusion, Inc. specializes in enterprise healthcare operations software, enhancing efficiency and improving patient care across various healthcare settings with innovative solutions. SpinFusion, Inc. provides software solutions designed to streamline healthcare operations.
The company was founded by Matthew Mendez, who has a history of entrepreneurial ventures in the healthcare technology sector. SpinFusion was acquired by Vendor Credentialing Service LLC in August 2021, which is backed by firms such as Clearlake Capital Group and Charlesbank Capital Partners. The company operates from Denver, US, and has engaged in 1 deal to date, with its most recent deal occurring on August 19, 2021. SpinFusion offers a comprehensive suite of enterprise healthcare operations software and services aimed at enhancing operational efficiency and patient care.
Their primary product is the symplr Operations Platform, which integrates various systems into a secure, streamlined solution. This platform includes features for credentialing, workforce management, clinical communication, and physician scheduling, catering to over 400 healthcare organizations and payers across the United States and international markets. SpinFusion operates on a subscription-based revenue model, with clients including hospitals and healthcare systems. Revenue is generated through agreements for software deployment, notably the symplr Credentialing Software and Workforce Management solutions.
Their pricing may vary based on organizational size or specific service functionalities, providing scalable solutions for both small facilities and large healthcare systems. Following its acquisition on August 19, 2021, SpinFusion's future growth strategy includes integrating its solutions with Vendor Credentialing Service LLC’s offerings to create enhanced options for healthcare enterprises. This acquisition is aimed at expanding the staffing capabilities and workforce management portfolio of Vendor Credentialing Service LLC, reinforcing its position as a leader in healthcare GRC software.
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Web Applications
Website
www.spinfusion.com
Verticals
HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
SpinFusion, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | SpinFusion, Inc. | - |
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