Global Healthcare Exchange buys Explorer Surgical

Global Healthcare Exchange (GHX) said on Thursday that it has agreed to acquire Explorer Surgical, operator of a digital and remote case support platform that connects suppliers with healthcare provider teams. Explorer Surgical will operate as a wholly-owned subsidiary of GHX. Financial terms of the deal were not disclosed.

"With GHX, Explorer Surgical is well-positioned to provide tremendous value to the healthcare supplier industry and providers by integrating our technology to improve the delivery of care," remarked Explorer Surgical CEO Jennifer Fried, who will serve as general manager of the subsidiary. Chief technology officer Eugene Fine will also remain with the company.

According to GHX, by combining Explorer Surgical's digital expertise in making procedure playbooks, telementoring and performance-tracking tools with its cloud-based supply chain network and collection of data and clinical evidence, the entity can help "deliver a higher quality standard for patient care." Bruce Johnson, chief executive at GHX, said "our combined organisation will work to reduce unwarranted variation in healthcare and help the industry deliver on the promise of value-based care."

Explorer Surgical announced in April that it raised $2.5 million in funding. Its digital and remote case support allows providers and suppliers to work together on a larger scale, "making procedures a more efficient and repeatable process through accessible training and based on the clinical evidence," GHX said. 

In 2020, GHX acquired Lumere as part of its strategy to equip providers and suppliers with better data and information to improve patient care.

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