Health care trading network buys case support platform

Global Healthcare Exchange Inc. bought Explorer Surgical Corp. on undisclosed terms. GHX is a Louisville-based software-as-a-service company. Explorer Surgical operates a digital and remote case support platform and is based in Chicago.

GHX’s main offering is GHX Exchange, which connects health care providers and suppliers of goods and services via electronic platform, a back-office supply-chain and purchasing system and incorporating data and analytics globally, according to its website, news reports and a press release on the acquisition.

Explorer Surgical’s work also includes connecting suppliers with health care providers, including remote mentoring and performance-tracking tools. One offering lets hospitals “guide, track and analyze activity in the operating room, and improve communication and performance,” startup journal Chicago Inno said.

“Patient care decisions must be grounded in data, product expertise and procedural best practices because lives depend on it,” GHX president and CEO Bruce Johnson said in a press release announcing the deal.

“Healthcare is rife with inefficiency and must standardize the operational and clinical best practices and products that yield the best possible patient outcomes,” Explorer Surgical co-founder and CEO Jennifer Fried said.

Explorer Surgical had raised $11 million in funding through April, led by Aphelion Capital in California and Sofia Fund, a Minnesota group investing in technology companies run by women, Chicago Inno said.

The acquisition of Explorer Surgical follows GHX’s purchase of Lumere, founded as Procured Health in 2014 and focused on cutting health care costs with data and analytics, in January 2020. In 2018 it bought Medical Columbus AG, a cloud-based health care supply-chain manager.

GHX was founded in 2000 by industry suppliers including Medtronic Inc., Abbott Laboratories, GE Healthcare, Johnson & Johnson and Baxter International. Other owners joined through February 2014 a healthcare journal said, reporting its sale to private equity firm Thoma Bravo LLC.

The private equity firm at the time generally invested up to $300 million in its acquisitions. Additional acquisitions followed its buyout.

In May 2017, Singapore-based Temasek Holdings Ltd. bought most of Thoma Bravo’s stake. Thoma Bravo exited its investment fully in June 2021 when Warburg Pincus made a minority investment in GHX. PE Hub said the Pincus investment was $500 million.

GHX works with 5,600 health care providers and 950 suppliers in the U.S. and Europe, its website said. In the Warburg investment press release, GHX said its platform serves providers with 80% of licensed hospital beds in the U.S. and that 85%

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See what is thought concerning the effectiveness and security of CAM methods — and tips on how to combine complementary or different medicines into comprehensive MS care. For instance, although mainstream drugs hasn’t found a approach to deal with dementia or enhance memory, practitioners of different medicine declare that they’ve: ginkgo biloba. Preserve your healthcare supplier informed about every part you’re taking (vitamins, herbs and many others.) or doing (acupuncture or exercise).

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The Nationwide Heart for Complementary and Different Drugs (NCCAM) of the National Institutes of Well being (NIH) defines complementary and different medication (CAM) as a group of various medical and health care techniques, practices, and merchandise that aren’t presently thought of to be a part of standard Western medication.

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Well being Savings Accounts can help you set up a tax-deductible account to pay for medical bills that are not covered by your health insurance. Complementary and different medicines are treatments and medicines that vary from acupuncture and homeopathy to aromatherapy, meditation and yoga. The essential philosophy of complementary and different medicine embrace holistic care, which focuses on treating a human being as a whole person.

We offer a path which integrates conventional and complementary therapies to help individuals attain optimal well being, typically while undergoing conventional care. Medical medical doctors are more and more incorporating CAM into their practices, so they must adhere to CAM standards in addition to their very own medical standards.
Complementary medication is used in conjunction with extra traditional cures; various drugs is utilized by itself. However despite the recent wave of state-level legalization, and the enactment of comparable legal guidelines in Canada and elsewhere around the globe, the US federal authorities still classifies marijuana as a Schedule I drug, a designation that makes studying the medical effects … Read More..

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