Surgical Information Systems Acquired
January 07, 2011
Investment Will Help Fuel Growth for Leading Software Solutions Provider
Minneapolis, Minnesota –– Norwest Equity Partners (“NEP”) has announced that it has acquired Surgical Information Systems (“SIS”), a leading provider of integrated surgery management software solutions for the healthcare industry. NEP invested alongside management and prior to NEP’s acquisition, SIS was a portfolio company of Vista Equity Partners (“Vista”) since 2006.
Founded in 1996 and headquartered in Alpharetta, Georgia, SIS provides software solutions that are uniquely designed to add value at every point in the perioperative process. Developed specifically for the complex surgical environment, all SIS modules–including anesthesia–are built on a single database and integrate easily with other hospital systems. Clients include leading academic and medical research centers, integrated delivery networks and hospitals of all sizes.
“We’re excited to welcome SIS to our portfolio, and our team looks forward to partnering with management to continue the Company’s significant momentum and market success,” said Tim Kuehl, a Partner at NEP. “SIS is an outstanding company and is a key part of our long-term health care and applied technology investment strategy.” In recent years, NEP has made several investments in software-based companies, such as Amcom Software, Mitchell International and Rosetta Stone.
Jim Lindner, a NEP Operating Partner with over 40 years of experience in the software technology and services industry will serve as Non-Executive Chairman at the Company. “I am thrilled with the opportunity to partner with SIS,” said Lindner. “It is a well-run company, led by an excellent management team that values its clients, offers great products and has tremendous growth momentum.”
“We initially invested in SIS because we saw the opportunity to bring together a talented executive team that would deliver best-in-class solutions to their clients,” said Robert F. Smith, Chairman and CEO of Vista. “It has been our pleasure to work with SIS over the last four years to deliver unmatched value to their clients and the healthcare industry as a whole. SIS is well-positioned to continue its heritage of bringing tremendous value to perioperative healthcare at a time when U.S. hospitals need it most.”
For more information, please visit www.SISFirst.com.