Mark Turco, Director in Ziegler’s Corporate Finance Healthcare practice, commented, “While healthcare’s adoption of the cloud is accelerating, the compliance challenges facing health IT developers are daunting...."
CHICAGO (PRWEB) July 08, 2019
Ziegler, a specialty investment bank, is pleased to announce it served as sole financial advisor to Datica Health, Inc. (Datica Health) on its merger with Sansoro Health, Inc. (Sansoro). The newly combined entity, which will retain the Datica name, becomes the leading provider of cloud compliance software solutions in the healthcare sector, enabling companies across the industry to secure cloud-based applications and integrate patient data from multiple sources.
Remarking on the transformative potential of the merger, Mark Turco, Director in Ziegler’s Corporate Finance Healthcare practice, commented, “While healthcare’s adoption of the cloud is accelerating, the compliance challenges facing health IT developers are daunting. Datica’s solutions solve these challenges and unblock cloud application development to allow healthcare stakeholders to leverage the cloud and advance their strategic goals.”
Datica Health’s Co-Founder and CEO, Travis Good, MD, who will serve as Datica’s Chief Technology Officer, commented, “We give our customers a reliable partner for developing solutions that make use of patient data in the cloud. With our platform, previously cumbersome development processes become frictionless, resulting in enhanced, secure solutions at lower cost and with greater speed to market. We are thrilled to join with Sansoro in supporting a data-driven future for the healthcare industry, and we thank Ziegler for providing valuable strategic and financial advice throughout the process.”
The combined company’s new Board of Directors includes individuals from the previous Datica Health and Sansoro boards, including professionals from Bain Capital Ventures, LRVHealth and Lewis and Clark Ventures.
Ziegler’s Corporate Finance team is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services.
For more information about Ziegler, please visit us at http://www.Ziegler.com.