The exact amount of the transaction was not disclosed. In connection with the deal, Jeff Haywood, a Principal of Spectrum Equity, and Chris Mitchell, a Managing Director of Spectrum Equity, joined Definitive’s Board of Directors.
The company intends to use the funds to continue to extend its comprehensive product offering.
Led by CEO Jason Krantz, Definitive provides an online subscription-based product suite that combines proprietary data and analytics to provide its customers with insights into key patient trends, provider and network affiliations, executive and IT-level contact information and other in-depth news and intelligence on healthcare providers.
In details, the suite provides a comprehensive data available anywhere on over 8,000 hospitals and IDNs, 800 ACOs and HIEs, 180,000 physician groups, 7,250 ambulatory surgery centers, 15,000+ Skilled Nursing Facilities, over 1 million physicians, and 750 Canadian hospitals.