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GHO Capital Partners' European footprint set it apart from other bidders vying for lab informatics player Sapio Sciences, the firm tells Claire.

Why it matters: Lab informatics needs a tech revamp, with most processes remaining paper-based as legacy systems continue to dominate the market. With GHO's backing to scale it, Sapio may emerge as a formidable player.  

Details: GHO declined to disclose deal terms but told Claire that Sapio is a "profitable company strongly positioned to address an international, high-growth market demanding a uniquely scalable SaaS model." 

How it works: Baltimore-based Sapio's platform manages clinical and life sciences data for research and development laboratories. 

The company's Laboratory Information Management Systems, or LIMS, enable researchers to track results, search for sample information, follow samples through various protocols and examine analytical results — all in one place. 

What's next: GHO's European footprint will drive major growth for the company in the region, GHO says.

GHO said it may "selectively look at strategic add-ons for Sapio" but said the firm is mostly focused on investments in R&D and continuing to expand its customer base. 

Flashback: Sapio was founded in 2004 by CEO Kevin Cramer.

GHO buys lab informatics player Sapio Sciences

1 big thing: GHO's lab informatics play

Illustration of a hand holding a microscope slide with a liquid sample forming a dollar sign.

Ostro, recently rebranded from RxDefine, is getting an e-commerce makeover and $45 million in Series B funding, CEO Chase Feiger told Erin exclusively Wednesday.

Why it matters: Retail and finance companies are accustomed to having a wealth of user engagement and tracking tools at their fingertips, but that same innovation has been slow to come to health care.

Plus: Wednesday's Pro Rata, on Disney's BAMTech stake deal.  

2.  Ostro raises $45M

Illustration of a hand pulling a 3D bottle of pills from a laptop screen.

Telehealth giant Amwell's reported buyout discussions with Talkspace would signal another blow to the prospects of the formerly frenzied SPAC market, industry investors and CEOs told Erin Thursday.

Why it matters: Beyond the threat to SPACs, it could portend a wave of M&A in digital behavioral health, a sector that's had mixed results over the past few years.

Plus: Thursday's Pro Rata, on General Electric's bid for Aerojet Rocketdyne.

3. Mental health merger madness

ABRY-backed health-data security company CloudWave acquired Sensato Cybersecurity.

Why it matters: With medical records giant Epic having signed a partnership with Google Cloud in November, the race to host (and protect) medical data is on, Claire wrote Monday.

Plus: Monday's Pro Rata, on Yahoo's acquisition of a Taboola stake.

4. CloudWave acquires Sensato

Illustration of a hundred-dollar bill in the shape of a manila folder.

If the Dobbs decision was a spark, the midterm election results were the fuel powering an entryway into abortion care and beyond, according to a cadre of health tech CEOs and founders.

Why it matters: At a time when some states and the federal government are stripping away reproductive health rights while others choose to protect them, the leaders of private companies see their role as more important than ever, Erin wrote Tuesday. 

Plus: Tuesday's Pro Rata, on the Senate antitrust subcommittee hearing on Kroger's proposed $24.6 billion purchase of rival Albertsons. 

5. Midterms fuel abortion care fire

Illustration of a woman in a hospital gown made from a one hundred dollar bill sitting on an examination bed.

Happy Friday, Health Techies! Claire here, with your digest of this week's news. 

But first, a peek inside GHO's buy of Sapio Sciences. 

That's all, folks! Have a wonderful weekend.

December 02, 2022

1 big thing: GHO's lab informatics play