SpendMend Acquires Trulla, Pharmacy Procurement Software Pioneer

SpendMend Acquires TurnKey Pharmacy Solutions and Elevate340B

August 25, 2020

Healthcare Services

SpendMend, a portfolio company backed by Sheridan Capital Partners, has acquired TurnKey Pharmacy Solutions and Elevate340B to create SpendMend Pharmacy, an end-to-end 340B compliance, optimization and growth offering for hospitals, clinics and healthcare facilities across the U.S. The acquisition integrates TurnKey's 340B audit capabilities and Elevate340B's optimization services into SpendMend's cost-cycle solutions to accelerate market delivery and expand service capabilities.

SpendMend Acquires Healthcare Division of Moody Associates, P.A.

February 9, 2022

Healthcare Services

SpendMend, a Grand Rapids-based provider of tech-enabled cost-savings solutions for healthcare systems, has acquired the Healthcare Division of Moody Associates, P.A. The deal transfers Moody's hospital and health-system profit recovery and contract compliance clients to SpendMend while Moody Associates will continue operating its non-healthcare business under the same name out of Charleston, South Carolina.

SpendMend Acquires Mazree

June 3, 2025

Healthcare Services

SpendMend, a healthcare cost-savings provider based in Grand Rapids, Michigan, has acquired Mazree, a cloud-hosted software platform that helps health systems redeploy and sell used medical equipment. The acquisition expands SpendMend’s cost-cycle capabilities by adding Mazree’s auction, trade-in and redeployment technology to deliver greater revenue recovery and operational efficiency for hospitals and health systems.

Morgan Stanley Capital Partners Acquires Controlling Interest in SpendMend

March 2, 2022

Healthcare Services

Investment funds managed by Morgan Stanley Capital Partners (MSCP) acquired a controlling interest in SpendMend from Sheridan Capital Partners, with Sheridan retaining a minority stake and the existing management team remaining in place. Headquartered in Grand Rapids, Michigan, SpendMend provides tech-enabled cost-cycle and profit-recovery solutions to hospitals and health systems; MSCP said it will support further organic growth and strategic add-on M&A to expand the business.

Trella Health Acquires PlayMaker Health

January 4, 2022

Healthcare Services

Trella Health has acquired PlayMaker Health to combine Trella's market intelligence and analytics with PlayMaker's mobile-first CRM and EMR referral management capabilities, creating an integrated platform for post-acute providers. The acquisition expands Trella's product capabilities and opens access to adjacent end markets such as home medical equipment (HME) and infusion; Brentwood Capital Advisors served as Trella's financial advisor and Stifel advised PlayMaker.

Bausch + Lomb Acquires Trukera Medical

July 23, 2024

Medical Devices

Bausch + Lomb Corporation announced that an affiliate has acquired Trukera Medical (formerly TearLab) from private equity owner AccelMed Partners and other shareholders. The tuck‑in acquisition brings the ScoutPro point‑of‑care tear osmolarity diagnostic into Bausch + Lomb’s surgical portfolio to strengthen preoperative dry eye assessment and expand its U.S. surgical presence.