Wolters Kluwer Legal & Regulatory announces that it has reached a binding agreement to sell ComplyTrack, a healthcare regulatory risk and compliance solution, to symplr, a provider of cloud-based solutions for hospitals and other health facilities.
“Wolters Kluwer Legal & Regulatory U.S. has an ongoing strategy to focus on our digital information solutions and software tools for law firms, corporate law departments, and related compliance departments,” said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Legal & Regulatory U.S. “In that light, the ComplyTrack product line has limited strategic fit or synergies and this divestment will help us to further advance our strategy.”
Rick Pleczko, President & CEO of symplr said, “The team and I are looking forward to bringing ComplyTrack into our portfolio—combining ComplyTrack’s modular solution with our provider quality and patient safety SaaS platform creates a unique offering for our customers and the market.”
The ComplyTrack business has about 50 full-time employees. The transaction is expected to close before the end of the year.