Funding RoundsBrief
Spectrum Equity makes growth investment in healthcare data startup Symmetric
Symmetric Health Solutions has secured its first institutional funding round from Spectrum Equity to expand its healthcare supply chain data platform.
FTMQ Startups, written by our newsroom0 views
Healthcare data firm Symmetric Health Solutions has secured a strategic growth investment from Spectrum Equity, PE Hub and Pulse 2.0 reported. The capital marks the first institutional funding round for the startup since it was founded in 2018 by Rich Kucera, according to Pulse 2.0. The total dollar amount of the growth investment was not disclosed. [1][2]
Pittsburgh-based Symmetric maintains a database containing nearly 20 million healthcare items, PE Hub reported. The startup integrates this supply chain intelligence directly into the enterprise resource planning systems of hospitals. [1][2]
Legal counsel Latham Watkins advised Spectrum Equity on the financial transaction, according to a press release from the law firm. [3]
In short
- Spectrum Equity provided Symmetric Health Solutions with its first institutional capital since its founding in 2018.
- Symmetric Health Solutions was founded by Rich Kucera and is based in Pittsburgh.
- The startup manages a database of nearly 20 million healthcare supply chain items for hospital systems.
- The financial terms and valuation of the investment round were not disclosed.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Spectrum Equity makes first institutional investment in hospital data firm SymmetricPE Hub, 9h ago (the report this story comes from)
- [2]Symmetric Health Solutions Secures Growth Investment From Spectrum EquityPulse 2.0, 6h ago
- [3]Latham Watkins Advises Spectrum Equity on Growth Investment in Symmetric Health SolutionsLatham & Watkins LLP, 23h ago
- [4]Symmetric Receives Investment From Spectrum EquityFinSMEs, 17h ago
- [5]Symmetric Health Solutions Secures Significant Growth Investment From Spectrum Equity to Sharpen the Data Layer for Hospital Supply ChainsBusiness Wire, 1d ago
- [6]Symmetric Health Solutions Secures Spectrum Equity Investment to Expand Healthcare Data Platformcitybiz, 13h ago
Background
- [7]Bitly on Wikipedia
- [8]Member state of the European Union on Wikipedia
Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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