Hospital IQ Acquired by LeanTaaS to Create $1B Combined Company
Gunderson Dettmer represented client Hospital IQ, a leading provider of intelligent automation solutions for hospitals, in its acquisition by LeanTaaS, a developer of analytical software for hospitals. Hospital IQ uses artificial intelligence to help health systems achieve peak operational performance to improve patient access, clinical outcomes, and financial performance. The newly combined company will work to improve patient access, staff satisfaction, and revenue productivity.
In the announcement of the acquisition, CEO of Hospital IQ Rich Krueger said, “The combination of LeanTaaS and Hospital IQ marks a pivotal moment for the industry. Significant clinical advancements are happening, and our combined company is poised to unlock similar operational achievements. Our teams share the same values — caring deeply about improving healthcare access, quality, and efficiency for everyone. We are excited to work alongside the LeanTaaS team as we continue to forge ahead on a joint mission to make a profound, positive impact on capacity, thus improving the staff and patient experience.”
The Gunderson Dettmer deal team was led by corporate partner Marc Dupre and included corporate partner David Horne, corporate associates Alexandra Noymer, Gabriella Stearns, Annie Cho, and David Cheng, tax partner Jace Clegg, tax associates Morgan Otway and Sunny Kim, and executive compensation partner James Hauser, executive compensation associates Megan Canepari and Chris Shin.