Leading Compliance and Education System for Hospitals and Healthcare Organizations
Investment Highlights
- Technology leader in Compliance through Policy and Document Management and Learning Management Systems for the Hospital and Healthcare market in North America
- Installed on-site or hosted offering with single sign-on and central database
- Advanced, simple to use, and secure architecture provides ability to easily create and deploy relevant content enterprise wide and supports regulatory and other compliance requirements
- Clear ROI proven by hospitals and healthcare-related institutions to efficiently improve organization-wide content management and compliance, and reduce costs
- This company has a large high-profile user base of leading hospitals and healthcare organizations in North America
- 63% recurring revenue
Overview
The Company has developed a Compliance and Education Platform recognized for its advanced technology and is currently the market leading system in the Canadian hospital market. The system is well-positioned to continue to grow in North America and internationally. Its design provides for the ability to expand into other healthcare related markets outside of hospitals and it is cross-market adaptable to enter new vertical markets.
Market
Hospitals rely on the ability to disseminate critical information organization-wide to their employees through systems that provide a secure environment with full reporting and tracking ability. The requirement for Compliance is well-entrenched by healthcare authorities.
Our client provides a comprehensive Learning Management, Policy and Document Management, And Content Management solution that has been recognized by leading hospitals in North America as easy to implement and use in hospitals both large and small.
There are currently 6,000+ hospitals in North America. Our client has 20% of the Canadian hospital market and a small but growing portion of the U.S. market.
Customers
Customers are attracted and retained by the systems’ ease of use, advanced technology, and competitive pricing model. The company has a 98% customer retention rate – the highest in the industry.
In every implementation there is a measurable ROI stemming from significant cost reductions, a dramatic increase in staff education, and organization-wide compliance.
The company’s Learning Management System, Policy and Document Management System, and Content Management System have been implemented and proven by leading hospitals in Canada and the U.S.
Customers have dramatically improved compliance rates, the functionality and content of their Intranet and Internet websites at significantly reduced costs.
Technology
The systems are easily deployed and are offered as a cloud-based SaaS solution.
Each of the systems is easy-to-administer by non-technical personnel and very quickly learned by end-users.
The system architecture has been designed for ease-of-implementation in a wide variety of Intranet and Internet environments and meets the needs of hospitals of all sizes from the small to very large.
The division is growing, profitable and has no significant debt. It is expected to generate recurring and non-recurring revenues of approximately $1.9M this year. Approximately 63% of revenue is recurring.
This division is one component of a larger company and the board of directors wish to carve-out and divest these operations in order to focus all of their resources on their core strategic products.
Please call Kevin Tribe at 416-483-9400 x101 or email for additional information on this opportunity. Refer to Opportunity Code CLMS.