LeanTaaS Acquires Hospital IQ to Create AI Innovator for Hospital Operations Optimization

SANTA CLARA, Calif.–(BUSINESS WIRE)–LeanTaaS, Inc., a Silicon Valley-based main supplier of AI-powered and SaaS-based capability administration and affected person circulate software program for well being programs, at this time introduced it has acquired Hospital IQ, a number one supplier of clever automation options for hospitals. The acquisition values the mixed firm at greater than $1 billion in enterprise worth and allows it to energy clever operations throughout greater than 180+ U.S. well being programs. Collectively, LeanTaaS and Hospital IQ will drive improved affected person entry, employees satisfaction, and income productiveness by fixing thorny points in a number of departments, together with the infusion suite, working room, and inpatient models, round capability administration and staffing shortages.

“We’re thrilled to welcome Hospital IQ, an organization that shares our ardour and experience for operational optimization in healthcare. The strategic mixture of LeanTaaS and Hospital IQ unites the 2 greatest firms in hospital operations at a time of profound {industry} want,” mentioned Mohan Giridharadas, LeanTaaS founder and CEO. “Each well being system within the nation has an pressing want to enhance the utilization of each employees and property to enhance affected person entry. By becoming a member of forces, we will supply our clients an unparalleled platform for optimizing their operations and bettering affected person care.”

The transaction creates the biggest AI-powered hospital operations software program supplier within the healthcare know-how {industry}. LeanTaaS has deployed its three market main merchandise (for ORs, Infusion Facilities, and Inpatient Beds) at scale throughout 150 well being programs and 500 hospitals in 43 states. Hospital IQ has complementary strengths in workflow automation for inpatient circulate and surgical procedure, dynamic capability and workforce administration to satisfy affected person demand, and deep current partnerships with a number of know-how suppliers, together with Oracle Cerner, Altera Digital Well being (previously a part of Allscripts), and Siemens Healthineers.

“The mix of LeanTaaS and Hospital IQ marks a pivotal second for the {industry}. Important scientific developments are occurring, and our mixed firm is poised to unlock comparable operational achievements,” mentioned Wealthy Krueger, CEO of Hospital IQ. “Our groups share the identical values — caring deeply about bettering healthcare entry, high quality, and effectivity for everybody. We’re excited to work alongside the LeanTaaS workforce as we proceed to forge forward on a joint mission to make a profound, optimistic influence on capability, thus bettering the employees and affected person expertise.”

“We’re at a vital tipping level the place well being programs throughout the nation are fighting the lingering results of COVID-19 and endemic staffing challenges,” mentioned Steve Hess, chief data officer of UCHealth, which includes 12 acute-care full-service hospitals and greater than 150 clinics throughout Colorado, southern Wyoming, and western Nebraska. “As a strategic accomplice and an early investor in LeanTaaS, we’re proud to proceed to accomplice with LeanTaaS to handle these industry-wide challenges head on all whereas gaining care enhancements and price efficiencies. There’s definitely a market demand for these options, and I’m wanting ahead to seeing how the mixed workforce will speed up a brand new wave of AI-powered improvements to rework hospital operations.”

This transaction comes simply six months after LeanTaaS’ announcement of a major development funding by Bain Capital Non-public Fairness, and after just lately being acknowledged as a prime 100 healthcare and life sciences firm on the Deloitte Expertise Quick 500™, additional representing LeanTaaS’ continued funding in innovation.

Kirkland & Ellis LLP served as authorized advisor on the transaction.

About LeanTaaS

LeanTaaS gives software program options that mix lean ideas, predictive and prescriptive analytics, and machine studying to rework hospital and infusion heart operations. The corporate’s software program is being utilized by over 150 well being programs throughout the nation, which all depend on the iQueue cloud-based options to extend affected person entry, lower wait occasions, cut back healthcare supply prices, and enhance income. LeanTaaS is predicated in Santa Clara, California, and Charlotte, North Carolina. For extra details about LeanTaaS, please go to https://leantaas.com/, and join on Twitter, Fb and LinkedIn.