CLEARLAKE CAPITAL-BACKED SYMPLR ADDS HEATH FOIST AS CHIEF PEOPLE OFFICER, EXPANDING EXECUTIVE MANAGEMENT TEAM
Human Resources Veteran Brings Significant Experience as Leading Healthcare Governance, Risk and Compliance SaaS Platform Prepares for Next Phase of Growth
SANTA MONICA, CA and HOUSTON, TX – March 6, 2020 – symplr, a leading healthcare governance, risk management, and compliance (“GRC”) software-as-a-service (“SaaS”) platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and SkyKnight Capital (together with its affiliates, “SkyKnight”), today announced that Heath Foist has joined as Chief People and Culture Officer and member of symplr’s executive management team, effective immediately.
“While our software and solutions make GRC easier for the healthcare community, it is our people who make our platform exponentially better,” said Rick Pleczko, CEO at symplr. “Heath’s work will focus on driving value for our employees, helping teams and individuals be their best. As we continue to enjoy our exciting pace of growth, we remain focused on enhancing our people and our culture, and we are delighted to welcome Heath to the symplr family.”
“I am beyond thrilled to join the dynamic and dedicated team at symplr, which is focused on creating a progressive and unique culture to continue to innovate its market leading software platform,” said Mr. Foist. “The depth of talent at the company combined with the high degree of growth make this the opportunity of a lifetime.”
“For symplr to sustain its impressive growth and industry leading position, it is critical for the company to continue to attract and retain the right people,” said Prashant Mehrotra and Paul Huber of Clearlake. “We are confident that with Heath on the executive management team, symplr will continue building a world-class, forward-thinking workforce, ensuring the company is a great place to work and underpinning the strength of symplr’s leading healthcare GRC software platform.”
Mr. Foist brings 25 years of experience to symplr, most recently serving as Chief People Officer at Field Service Holdings. Previously, he was Chief People Officer at Omnitracs. Earlier in his career, Mr. Foist served in HR leadership roles at Bank of America, SAP, and Sabre, as well as an HR Strategy and Management consulting leader at PricewaterhouseCoopers. Mr. Foist earned a BBA from The McCombs Business School at the University of Texas Austin.
Founded in 2006, symplr is a global leader in enterprise Governance, Risk Management, and Compliance (GRC) SaaS solutions and professional services. symplr focuses on a single mission: to make healthcare GRC simpler and more efficient for the global healthcare community. The symplr platform offers solutions that span provider data management, provider credentialing services, patient safety, workforce management, and vendor management. Customers count on symplr every day to help protect and streamline their businesses with reliable and innovative GRC solutions. More information is available at www.symplr.com.
About Clearlake Capital
Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $17 billion of assets under management and its senior investment principals have led or co-led over 200 investments. More information is available at www.clearlake.com.
About SkyKnight Capital
Founded in 2015, SkyKnight Capital brings together an experienced investment team and a flexible, long duration approach to private equity investing. SkyKnight focuses on partnering with high quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight manages capital on behalf of institutional family offices and leading endowments. The firm seeks investments in the Healthcare, TMT, Transportation & Logistics, and Business Services industries. SkyKnight platform investments to date have consisted of equity commitments ranging from $10 million to over $200 million. For additional information, please contact Mara Hunt (firstname.lastname@example.org).
Lambert & Co.