Healthcare Supply Chain Leader GHX Receives Investment from Temasek
Global Healthcare Exchange, LLC, a provider of connected, intelligent healthcare supply chains, announced it has entered into a definitive agreement with Temasek, an investment company headquartered in Singapore, for a significant equity investment in the company.
In accordance with agreement forged, Thoma Bravo, a leading private equity firm that acquired GHX in 2014, will retain a minority position.
Financial details were not disclosed. The current GHX senior management team will continue to lead the company.
“GHX maintains a strong position in North America and Europe with solutions that span the breadth of the healthcare supply chain. Our priority remains to deliver solutions that have a measurably positive impact on our customers’ business and the patients that they serve,” said Bruce Johnson, CEO and president of GHX. “The addition of Temasek to GHX’s ownership will help us continue to grow and deliver on our commitment to drive improved efficiency and results in healthcare.”
“Our successful partnership with GHX is a prime example of Thoma Bravo’s investment philosophy, and underscores the value we bring to companies within our portfolio,” said Seth Boro, managing partner of Thoma Bravo. “Our commitment to working collaboratively with existing management, strengthening operational processes and generating strong returns for our companies and investors is a practice we look forward to continuing as a minority partner in GHX with Temasek.”
GHX calls Louisville, CO home, and has employees in the U.S., Canada, and Europe and is known for its e-trading exchange, e-payment solution, and supply chain solutions.