What You Should Know:
– Private equity firm Rubicon Technology Partners acquires Central Logic, a provider of patient orchestration and tools to accelerate access to care for healthcare organizations.
– Rubicon will be aggressively driving Central Logic’s growth with additional cash investments into the business, with a focus on product innovation, sales expansion, delivery and customer support, and the pursuit of acquisition opportunities.
Rubicon Technology Partners,
a Boulder, CO-based private equity firm focused on enterprise software
companies has acquired
a majority stake in Central Logic,
a Sandy, UT-based provider of patient orchestration and tools to accelerate access to
care for healthcare organizations. Founded in 2005, Central Logic’s
flexible, SaaS-based solution helps healthcare providers improve patient
outcomes and make their organizations more effective by providing superior
real-time visibility and unmatched business intelligence to optimize the
operations of health system Access Centers.
From its roots in
developing the first purpose-built software to manage the most complex patient
transfers, Central Logic partners with healthcare providers to
offer deep strategic insights, expertise and technology that empower health
systems to operate as one system of care.
COVID-19 Pandemic Underscores Gap in Care Orchestration
and Patient Logistics
Recently, Central Logic has been very active in
public-private collaborations focused on better managing COVID-19 resources,
such as the Arizona Surge Line. The company’s solutions
are critical to health systems as they seek to drive greater cohesion, patient
engagement and resource optimization, particularly in light of COVID-19.
“The pandemic that we now
face sheds a light on the enormous gap in care orchestration and patient
logistics at healthcare organizations of all sizes,” said Angie Franks, CEO
of Central Logic. “This reality continues to accelerate the pace of
innovation and positive change in healthcare. I fully expect that Central Logic will
lead that charge as our strategic partnerships with health systems across the
country continue to grow.”
Driving Additional Growth
The investment will be
used to accelerate Central Logic’s growth through product innovation,
sales expansion, delivery and customer support, and the pursuit of acquisition
opportunities.
“Central Logic delivers
compelling clinical, operational and financial value to health systems,
hospitals and public health entities,” said Alex Kleiner, Principal, Rubicon.
“The company’s highly differentiated and category-defining solution is
perfectly positioned in the market for this unique time in the industry. Central Logic’s
proven ability to capture market share provides a strong foundation for
continued growth, which we plan to aggressively drive with additional cash
investment into the business. We are thrilled to begin our partnership with
the Central Logic team.”
Franks said she is
excited about what the future holds with Rubicon. “Now more than ever before,
hospitals, health systems and our public health agencies require the
capabilities to leverage and manage all of their resources to ensure that
patients get the right care at the right location without delay,” she said.
“Rubicon recognizes the important role that Central Logic plays
today and shares our vision for the future.”
Ziegler, a national boutique investment bank, advised Central Logic on
the transaction. According to PE Hub’s early
reports, the majority recap is expected to value the Utah-based company north
of $100 million.
