Oaklyn Consulting congratulates Denver-based cloud-based software developer Medecipher Inc. on its acquisition by SnapCare, a leading healthcare workforce solutions provider.
Oaklyn Consulting assisted Medecipher in negotiating the business terms of the transaction. This deal exemplifies a core Oaklyn Consulting specialty of helping VC-backed companies exit to new ownership.
Medecipher automates and improves the manual process of staff scheduling through its web-based software, FLO, which provides decision support tools to design, evaluate and implement customized and flexible staffing models. The award-winning platform applies predictive and optimization technologies to match the skill sets of clinicians with patients’ needs, helping to optimize staffing levels in terms of both cost and treatment quality. The organization will continue to operate as Medecipher, a SnapCare Company.
Since launching in 2018, Medecipher received early-stage venture capital investment and grant funding from Innosphere Ventures, Boomtown Accelerators, National Science Foundation, Jumpstart Foundry, Med Tech Accelerator and Wavemaker Three-Sixty Health, among others.
SnapCare is an AI-enabled workforce marketplace that serves the entire continuum of care. Its platform offers healthcare facilities complete visibility into the ideal talent mix for their unique needs and associated costs. Its workforce solutions significantly improve client savings and efficiencies, offering a smarter way for facilities to manage their workforce needs and deliver quality patient care.
Oaklyn Consulting is a different kind of investment banking firm for small- and medium-sized companies under private ownership. Oaklyn plans and executes its clients’ most complex transactions, including mergers, acquisitions, capital-raising, recapitalizations, and lender and investor relations. Oaklyn supports businesses, investment firms, nonprofits, co-ops and partnerships. By working as consultants, not brokers, Oaklyn helps in situations where traditional investment bankers typically cannot.