LeanTaaS, a healthcare software and analytics company used by 150 health systems, has acquired Hospital IQ, a healthcare workflow automation company, creating a combined company valued at more than $1 billion. The Hospital IQ acquisition comes after Bain Capital provided LeanTaaS with growth capital in June 2022, Becker’s reports.
This acquisition comes at a time when every health system across the country is grappling with mounting financial pressures in what has been the most financially difficult year since the start of the pandemic coupled with labor shortages, staff burnout, rising patient demand and ongoing capacity challenges. There is an urgent need to not only make more efficient the utilization of both staff and assets to improve patient access, but to maximize hospital and health systems’ operational investments and resources. LeanTaaS views its unified product offering with Hospital IQ as a proven and credible option to operationally transform hospitals and address staffing challenges, financial hardship, and increased patient demand. Read more.
