|ATLANTA -- Surgical Information Systems ("SIS"), a leading provider of integrated surgery management systems, announced today the closing of a management buyout backed by Scott L'Heureux and Vista Equity Partners ("Vista"). Mr. L'Heureux, the current President and Chief Operating Officer, has assumed the role of President and Chief Executive Officer. In addition, the current executive team of SIS, representing over 129 years of healthcare software and services experience, remains in place following the transaction.
Vista, a private equity fund with over $1 billion dollars in committed equity capital, invests in software and technology-enabled services companies with proven track records of success. Drawing on its capital resources and expertise, Vista will help SIS fund the company's growth, product development and other strategic initiatives.
Founded in 1996, Surgical Information Systems is a private company located in Alpharetta, Georgia. The company employs more than 200 professionals who are dedicated to providing solutions that enable hospitals to address the most critical challenges facing their surgery departments today -- patient safety and financial strength. SIS recently completed its eighth consecutive year of record revenues and profits while maintaining its focus on the needs of the perioperative information market.
SIS is recognized by independent ratings firms such as KLAS and MD Buyline as a leader in the perioperative information systems market based on key product and customer satisfaction criteria such as application training, product reliability, system performance and product flexibility.
"We are extremely pleased to partner with Vista, as they are uniquely qualified to help align our company with the tremendous market opportunity for perioperative information systems," said Scott L'Heureux. "With Vista as our partner, we look forward to further accelerating our company's strong growth, while continuing to provide our customers and partners with an uncompromising emphasis on customer satisfaction and quality products and services."
More than 250 hospitals, ranging in size from community hospitals to integrated delivery networks, benefit from SIS technology and services. The SIS solution enables healthcare providers to improve efficiency and patient safety and to manage their surgery department as a business.
"SIS has been a very successful company to date and has established itself as a leading solutions provider within the hospital environment. The company's impressive customer base, robust product offering, and talented employees have all contributed to the success of SIS. We believe that SIS is poised to realize significant growth and profitability, and we are excited to partner with such a strong management team in order to realize those opportunities," said Robert Smith, Managing Principal of Vista Equity Partners.