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Print The Riverside Co. said it has signed a definitive agreement to sell Pennsylvania-based portfolio company Greenphire, a provider of clinical payment technology in the health care sector, to Thoma Bravo, a Chicago private equity firm. Financial terms of the deal, slated to close during the second quarter of this year, were not disclosed. Riverside acquired the company, based in King of Prussia, Pa., in 2014. The investment came after the company s founding in 2008. Greenphire optimizes clinical trial performance by streamlining financial management, payment and logistical workflows. Riverside said that under its ownership, the company expanded its work to clinics and other research organizations working with patients in more than 70 countries. ....
3 Thoma Bravo has agreed to buy clinical trial financial lifecycle management software provider Greenphire from fellow private equity house The Riverside Company. Riverside bought Greenphire in 2015. The company aims to help the pharmaceutical industry run more efficient and successful clinical trials. Greenphire looks to streamline payment and logistical workflows, with clients including the majority of the top 30 pharmaceutical companies and top 10 CROs. Thoma Bravo partner Hudson Smith said, “The Covid-19 pandemic has underscored the importance of clinical trial technology solutions which enable greater research site effectiveness and better participant support. “Greenphire is well-positioned to expand its client base and continue to execute on its growth strategy.” ....
/PRNewswire/ Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, today announced that it. ....
Thoma Bravo's Hudson Smith Bullish on Greenphire Deal and Healthcare IT themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.