Contract Guardian Acquired

A company to look at to understand the value basis of simple agreements, and where this can be taken beyond for much more value.   Note the inclusion of risk assessments, a good start beyond simple contract expirations and renewals.  Check them out.

UCG Technologies Launches into Healthcare with Acquisition of Contract Management SaaS Provider Contract Guardian, Inc.

INDEPENDENCE, Ohio, May 24, 2018 /PRNewswire/ -- UCG Technologies (UCG), a global information technology services firm, has acquired Cincinnati-based Contract Guardian, Inc. a leader in automated contract management.

Contract Guardian provides a software as a service solution that enables healthcare and cross-industry organizations to manage large numbers of contracts. The system enables clients to easily store/retrieve contracts and verify that they meet regulatory guidelines, manage signatures, workflows, automatically track expirations, review contracts, and conduct risk assessments.

The regulatory requirements healthcare technology solutions must satisfy are some of the most demanding when compared with other industries. UCG brings a level of expertise in endpoint security, backup/disaster recovery, and cloud infrastructure that will serve as a point of differentiation from other contract management solution providers. Jim Kandrac, President of UCG, comments, "The foundation of our business is built on data protection. We recognize the importance of this in healthcare and are looking forward to leveraging our experience for healthcare and cross-industry clients."

The acquisition also provides significant expansion opportunity for UCG into the healthcare market, as healthcare comprises the majority of Contract Guardian's client base.  UCG Regional Director Matt Paterini, PharmD brings his healthcare experience to the company and comments, "After working in health system administration, I have seen many contract management challenges firsthand. It is a unique advantage to be able to provide an offering that will solve regulatory challenges and provide cost efficiencies for healthcare organizations."  ... "