Riverside acquires Applied Logic as an add-on

▤ Summary

The company’s products assist with SPD workflows, tracking surgical inventory and alerting staff to issues such as insufficient sterilization and missing items following surgery.“With its blue-chip customer base and compelling recurring revenue model, Applied Logic offered an attractive acquisition opportunity for Censis, and we are very pleased to complete this transaction.”With this acquisition, Censis will be able to more effectively build its customer base, helping large and small hospitals convert from paper-based tracking systems to more efficient and cost-effective software-based solutions.Censis CEO Randy Smith referenced the transaction as an opportunity to “take the strengths of both organizations and offer the most innovative and advanced portfolio that will now serve more than 1,300 hospitals across North America.”Censis offers multiple solutions, including CensiTrac, which is a highly advanced, web-based software system focused on maximizing OR throughput and regulatory compliance.

▦ Linked Companies

Applied Logic Corporation

up to $1M