PatientSafe Solutions has been acquired by Vocera Communications
May 6, 2021
Cain Brothers served as exclusive financial advisor to PatientSafe Solutions, Inc., a portfolio company of HighBar Partners, on its sale to Vocera Communications, Inc. The acquisition positions Vocera to expand its product suite and extend its reach into small and mid-size hospitals with a simple-to-deploy and easy-to-use solution. In addition, PatientSafe will accelerate Vocera’s evolution to the cloud and further extend its communication and collaboration solutions to support more frontline workers across the continuum of care.
Headquartered in San Diego, California, PatientSafe is an industry leader in clinical communication and collaboration solutions for healthcare. PatientSafe helps hospitals measurably improve efficiency, clinical outcomes, and satisfaction by enabling smartphone-based closed-loop workflows. The Company delivers quantifiable safety and quality improvements through a mobile platform that extends an organization’s EMR, clinical and communication infrastructure, and seamlessly enables virtual team-based care workflows. PatientSafe’s platform simplifies care team collaboration by consolidating secure messaging, voice, video, pages, alerts and alarms, EMR data, rounding, and documentation in one mobile experience, on one device, for the entire care team.
Founded in 2000, Vocera (NYSE: VCRA) provides solutions that help protect and connect team members, simplify workflows, increase efficiency, enhance quality of care and safety, and humanize the healthcare experience. More than 2,300 facilities worldwide, including nearly 1,900 hospitals and healthcare facilities, have selected Vocera solutions to enable their workforce to communicate and collaborate with co-workers and engage with patients and families.