Global Healthcare Exchange (GHX), a provider of supply chain solutions for the healthcare market, has entered into an agreement to acquire Vendormate, a provider of vendor relationship management software. Vendormate’s solutions will add vendor-credentialing capabilities to the GHX supply chain portfolio, with the aim of the acquisition being to offer greater supply chain visibility for healthcare providers and suppliers. The acquisition is expected to close within the next 30 days. Financial terms were not disclosed.
“Healthcare is at a critical juncture and providers are facing increased demands in complying with the rising number of reimbursement-related regulations,” notes Bruce Johnson, CEO and president of GHX. By adding vendor relationship management capabilities to the GHX procure-to-pay solutions portfolio, healthcare providers will be able to manage the process of who they do business with, including vendor on-boarding, business associate management, representative credentialing solutions, vendor identification for sourcing events and managing legal contracts within the healthcare system.
When the acquisition is finalized, Vendormate will operate as a wholly owned subsidiary of GHX.