Procurement Partners, Serent Capital Portfolio Company, Acquires On.Care

Choate represented Procurement Partners, a Serent Capital portfolio company, in its acquisition of New York-based On.Care, a leading e-procurement solution provider to skilled nursing and assisted living facilities nationwide. Procurement Partners, a leading provider of procure-to-pay (P2P) solutions for post-acute care and senior living communities, drives meaningful procurement savings for its customers through its proprietary e-procurement platform, which provides an automated end-to-end purchasing solution, encompassing the full purchasing cycle from product selection to vendor payment. Joining forces with On.Care will create one of the largest Procure-to-Pay organizations in healthcare and will unlock additional cross-selling opportunities while expanding the combined companies' robust vendor base and tech expertise.