OceanSound Partners, a NYC-based growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly-regulated enterprise end-markets, announced the acquisition of PAR Excellence Systems, a Cincinnati, OH-based provider of supply chain integrity and cost management solutions to the healthcare industry, from Northlane Capital Partners.
The amount of the deal was not disclosed.
Founded in 1992, PAR enables government, non-profit, and private healthcare systems and integrated delivery networks to realize meaningful cost savings and operational efficiencies via automated supply chain management solutions, comprised of cloud-based software, proprietary hardware products, and value-added services. They allow customers to optimize medical supply inventory management to provide real-time visibility into their materials inventory and spending.
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. It employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth.
FinSMEs
10/09/2024