M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B

What You Should Know:

– LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed.

–  Together, LeanTaaS and Hospital IQ will drive improved patient access, staff satisfaction, and revenue productivity by solving thorny issues in multiple departments, including the infusion suite, operating room, and inpatient units, around capacity management and staffing shortages. 

Acquisition Creates Largest AI-Powered Hospital Operation Provider

The acquisition creates the largest AI-powered hospital operation software provider in the healthcare technology industry, and comes just six months after LeanTaaS received a significant growth investment by Bain Capital Private Equity. LeanTaaS has deployed its three market-leading products (for ORs, Infusion Centers, and Inpatient Beds) at scale across 150 health systems and 500 hospitals in 43 states.

Hospital IQ has complementary strengths in workflow automation for inpatient flow and surgery, dynamic capacity and workforce management to meet patient demand, and deep existing partnerships with multiple technology providers, including Oracle Cerner, Altera Digital Health (formerly part of Allscripts), and Siemens Healthineers.

“The combination of LeanTaaS and Hospital IQ marks a pivotal moment for the industry. Significant clinical advancements are happening, and our combined company is poised to unlock similar operational achievements,” said Rich Krueger, CEO of Hospital IQ. “Our teams share the same values — caring deeply about improving healthcare access, quality, and efficiency for everyone. We are excited to work alongside the LeanTaaS team as we continue to forge ahead on a joint mission to make a profound, positive impact on capacity, thus improving the staff and patient experience.”

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