Bain Capital announced, on June 6, that it acquired a majority stake in LeanTaaS.
LeanTaaS develops software that combines predictive analytics and machine learning to help optimize how health systems use resources like infusion chairs, operating rooms and inpatient beds. Founded in 2010 and headquartered in Santa Clara, California, LeanTaaS works with more than 500 hospitals and 130 health systems across the U.S.
Bain’s investment will allow LeanTaaS to expand its technology capabilities. The purchase of LeanTaaS is Bain’s first venture into healthcare AI. Insight Partners and the growth equity business within Goldman Sachs Asset Management will each retain minority stakes in LeanTaaS. Financial terms of the transaction were not disclosed. The deal is expected to close in the third quarter of 2022. Kirkland & Ellis advised Bain Capital.
Bain Capital is a global private equity firm with more than $75 billion under management across several asset classes, including private equity, venture capital, public equity and credit products. This is Bain’s second transaction of the year. Bain and Evergreen Medical Properties acquired Akos Medical Plaza in Arizona for an undisclosed price in January.
According to the LevinProHC database, this acquisition is the 171st eHealth deal of 2022 and the 53rd of the second quarter. Of the 171 deals, 34 were analytic acquisitions totaling more than $1.07 billion in disclosed prices. In 2021, there were 362 eHealth deals, with 58 of those in the analytics subsector. Since the start of the year, an active acquirer in the eHealth analytics space has been Symplr which acquired Midas Health Analytics Solutions for $340 million and GreenLight Medical for an undisclosed price. The largest deal of the year, so far, has been 8i Acquisition 2 Corp acquiring EUDA Health Limited for $583 million. More information about all these deals can be found at LevinPro HC.
