LOUISVILLE – Temasek Holdings Ltd., an investment firm based in Singapore, has agreed to acquire a “significant” ownership stake in Louisville-based Global Healthcare Exchange LLC.
As part of the agreement, Thoma Bravo, a private-equity firm based in Chicago that acquired GHX in 2014, will retain a minority interest.
Thoma Bravo sold some of its shares in GHX to Temasek, but neither financial details of the deal nor the percent of ownership either firm now has in GHX were disclosed Wednesday.
GHX offers health-care providers and suppliers an electronic trading exchange that delivers procurement and accounts-payable automation, contract and inventory management, vendor credentialing and management, business intelligence, payment management and other supply-chain-related tools and services.
The current GHX senior-management team will continue to lead the company, according to a joint statement released Wednesday.
GHX has employees in the United States, Canada and Europe. A company spokeswoman said on Wednesday that GHX has 236 employees in Louisville and about 630 employees worldwide. She said there are “no planned changes to GHX’s current growth plan.”
In a prepared statement, Bruce Johnson, chief executive and president of GHX,
said the company maintains a “strong position in North America and Europe with solutions that span the breadth of the health-care supply chain. … The addition of Temasek to GHX’s ownership will help us continue to grow and deliver on our commitment to drive improved efficiency and results in health care.”
Incorporated in 1974, Temasek has 10 offices globally, including New York and San Francisco. It has a portfolio of about $180 billion, mainly in Singapore and Asia. Temasek’s current and prior investments in the United States include Airbnb, Ancestry.com, Dell Technologies, Intapp, Internet Brands, Jasper, Univar, Verily Life Sciences and Virtu Financial.