LeanTaaS, Inc., a Santa Clara, CA- and and Charlotte, North Carolina-based provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, acquired Hospital IQ, a provider of intelligent automation solutions for hospitals.
The acquisition valued the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems.
The transaction creates a large AI-powered hospital operations software provider in the healthcare technology industry. Led by Mohan Giridharadas, founder and CEO, LeanTaaS has deployed its three market leading products (for ORs, Infusion Centers, and Inpatient Beds) at scale across 150 health systems and 500 hospitals in 43 states. Led by Rich Krueger, CEO, Hospital IQ has complementary strengths in workflow automation for inpatient flow and surgery, dynamic capacity and workforce management to meet patient demand, and deep existing partnerships with multiple technology providers, including Oracle Cerner, Altera Digital Health (formerly part of Allscripts), and Siemens Healthineers.
Together, LeanTaaS and Hospital IQ will drive improved patient access, staff satisfaction, and revenue productivity by solving issues in multiple departments, including the infusion suite, operating room, and inpatient units, around capacity management and staffing shortages.
FinSMEs
11/01/2023