TractManager adquiere MD Buyline

por Lauren Dubinsky, Senior Reporter | August 05, 2014
Satin Mirchandani
TractManager-technology-enabled compliance and contract management service provider, which is marketed under MediTract, announced yesterday that it has acquired MD Buyline. Together they make the only comprehensive health care spend and contract management solution, according to the companies.

"MD Buyline determined that by combining its capabilities with those of TractManager, it could provide its customers with a more valuable offering, an end-to-end solution, allowing them to manage their vendors from procurement through to contract execution and management," Satin Mirchandani, CEO of MD Buyline, wrote to DOTmed News.

The transaction will also guarantee that MD Buyline has access to the capital and resources that it needs to provide its customers with that type of a solution.

"Health care providers, especially hospitals, are being asked to optimize each dollar of spend," wrote Mirchandani. "We see the combination of MediTract and MD Buyline as facilitating operational efficiency consistent with the highest standards of compliance and efficiency."

TractManager provides health care technology, systems and services including contract management, compliance and business intelligence solutions. With its MediTract solution, the company works with over 6,000 health care facilities and over 130,000 users in the U.S. and international markets.

MD Buyline has 3,000 client organizations and has helped them save over $1 billion annually across all non-labor categories, including capital, consumables and purchased services, according to the company.

MD Buyline will continue to operate independently and it will maintain its leadership, personnel and brand. The headquarters will also remain in Dallas, Texas.

The financial details about the transaction were not released.

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