Operating Company Healthcare

SpendMend

Grand Rapids, Michigan, United States

SpendMend helps organizations identify, shrink and prevent financial leakage—particularly in healthcare—by bringing dark data to light with procure-to-pay cost recovery analytics, industry expertise and peer benchmarking, plus pharmacy-focused solutions for 340B compliance/optimization.

Focus Areas
Procure-to-pay recovery / financial leakage analytics, Healthcare cost-containment, 340B compliance and optimization (pharmacy solutions)
Website
spendmend.com

Tracked deals

4

4 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

2 addon · 1 buyout · 1 divestiture

SpendMend Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for SpendMend. 1 2020 2 2022 1 2025

Supporting Data

Recent Transactions

  • Buyer
    SpendMend
    Target
    Mazree
    Type
    Buyout

    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.

  • Buyer
    SpendMend, Morgan Stanley Capital Partners (MSCP)
    Target
    Trulla
    Type
    Addon

    SpendMend, in partnership with Morgan Stanley Capital Partners, has acquired Trulla, a Draper, Utah-based provider of pharmacy procurement software and analytics. The deal integrates Trulla's procurement, pricing-algorithm and analytics capabilities into SpendMend's pharmacy suite to help health systems, hospitals, and clinics reduce pharmacy costs and manage 340B program compliance.

  • Buyer
    SpendMend
    Target
    Moody Associates, P.A. (Healthcare Division)
    Seller
    Moody Associates, P.A.

    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.

  • Buyer
    SpendMend, Sheridan Capital Partners
    Target
    TurnKey Pharmacy Solutions, Elevate340B
    Location
    United States
    Type
    Addon

    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.

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