Deal Details

Sale to Great Hill Partners

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Summary

About

PartsSource, Inc. (“PartsSource” or the “Company”), a company owned by Primus Capital (“Primus”), Polaris Partners (“Polaris”) and the founder Ray Dalton, recently completed its sale to private equity firm Great Hill Partners (“Great Hill”).

Founded in 2001, PartsSource’s core electronic spend management platform automates the procurement process of medical parts and supplies from product sourcing to financial settlement, incorporating proprietary analytics to optimize compliance, efficiency, cost and quality. In addition to automating the highly complex workflow associated with procurement, the Company created and maintains the industry’s only online, fully integrated parts procurement marketplace. PartsSource facilitates more than 300,000 transactions annually by connecting thousands of suppliers and OEMs to over 3,300 hospitals worldwide. PartsSource is based in Aurora, Ohio.

Great Hill Partners is a private equity firm that has raised over $5 billion in commitments since inception to finance the expansion, recapitalization, or acquisition of growth companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and internet infrastructure. Great Hill targets investments of $25 million to $200 million.

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