This investment demonstrates the company’s commitment to growth and desire to win the vendor credentialing and compliance monitoring space in healthcare and across additional verticals. Vendormate’s flagship product, Vendormate VISIONTM, is used daily by over 1,200 healthcare facilities across the country to identify and qualify vendors and their personnel.
Vendormate Founder and CEO, Andy Monin remarked, “With this investment, I am excited to move forward with our hospital and vendor partners to improve their interaction, lower costs and simplify the complexity of their business relationships. With Primus as a partner, we fully expect to expand our market leadership and continue to introduce innovative, value added solutions to the market.”
Primus Managing Director Phil Molner added, “Vendormate has achieved an impressive growth trajectory with their market leading solutions. We are excited with the opportunity to work alongside the Vendormate management team to continue to grow the business.”
Vendormate protects the health of hospital supply chains with a unique vendor credentialing and compliance monitoring solution. The program assures compliance with both internal policies and government mandates, including HIPAA and the Deficit Reduction Act. Registered vendors are screened and rated by custom criteria and continuously monitored for non-compliance. Integrated badges control access to facilities. Call 1-877-483-6368, or visit www.vendormate.com or vendorcompliance.wordpress.com.
About Primus Capital
Primus Capital is a private equity firm that invests in growth-oriented companies in the healthcare, business services, and for-profit education industries. With a flexible investment approach, Primus pursues transaction types that include buyouts, recapitalizations, and expansion capital. For more information, please visit www.primuscapital.com.