symplr obtains debt commitment to acquire TractManager

Chicago, Oct. 23 – symplr has obtained a debt commitment to fund its acquisition of TractManager, according to an announcement on Friday evening.

Credit Suisse AG, Goldman Sachs Bank USA, Antares Capital LP, Ares Management funds, Deutsche Bank Securities Inc., Golub Capital LLC and Jefferies LLC plan to provide debt financing for the acquisition.

Sidley Austin LLP is serving as legal advisor to symplr.

Harris Williams & Co. served as financial advisor and Morgan, Lewis & Bockius LLP served as legal advisor to TractManager.

Specific financial terms have not been disclosed.

symplr, a global healthcare governance, risk management and compliance software-as-a-service platform, backed by Clearlake Capital Group, LP is acquiring TractManager from Arsenal Capital Partners.

symplr has corporate headquarters in Houston, Tex.

TractManager, provider of a healthcare-specific application suite, serves three out of five hospitals and has headquarters in Dallas, Tex.

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