Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in their Professional Services Practice. Clearsight served as the exclusive strategic and financial advisor to Simpler Consulting® in its acquisition by Truven Health Analytics, a portfolio company of Veritas Capital.
Simpler Consulting®, the global leader in providing Lean enterprise transformation services has been acquired by Truven Health Analytics, a leading provider of healthcare analytics and data solutions. The strategic acquisition combines Truven’s market-leading cost and quality analytics with Simpler’s performance management consulting capabilities to deliver impactful and tangible performance improvement solutions to healthcare, government and commercial customers.
Simpler is the largest Lean enterprise transformation coaching and consulting organization in the world. The firm’s healthcare practice was launched in 2003 and is growing at double-digit rates annually. Throughout its 18-year history, Simpler has built a strong reputation for bringing its Simpler Business System® for Lean operations to healthcare and other organizations around the world to decrease costs, improve quality and outcomes, increase throughput and generate top-line revenue growth.
“This deal serves as a prime example of the paradigm shift towards the convergence amongst consulting, data and product companies – in an effort to create world class client focused Solutions. Simpler built its market leadership position in Healthcare over the last decade and the combination with Truven creates a true powerhouse in the Healthcare market. Combining industry leading data analytics with industry leading consulting gives Truven the premier Healthcare solution offering and one we believe will transform the industry landscape,” said Greg Treger, Co-Founder and Managing Director of Clearsight Advisors.
Marc Hafer, CEO of Simpler Consulting, said, “We have had a long-standing relationship with the Clearsight team. They have been instrumental in providing strategic guidance to us over the years – no other firm comes close to having their management consulting market knowledge. We couldn’t have picked a better firm to advise us on this mission critical transaction.”
Clearsight served as the exclusive strategic and financial advisor to Simpler Consulting. This represents Clearsight’s third Healthcare & Life Sciences Consulting deal in the past 12 months and is another example of the firm’s depth in successfully advising high-end consulting firms in transformative transactions.