About SpendMend
SpendMend is a company based in Grand Rapids (United States) founded in 1993 was acquired by Sheridan in January 2018. SpendMend has completed 6 acquisitions, including Contract Management Strategies, Elevate340B and Rebate Insight. SpendMend offers products and services including Profit Recovery, Vendor Management, and Medical Device Tracking. SpendMend operates in a competitive market with competitors including APEX Analytix, Technology Insight, Broniec Associates, GBG DecTech and Gold Prairie, among others.
- Headquarter Grand Rapids, United States
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Sectors
Technology
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Email
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
Not available
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Investors
Morgan Stanley
& 5 more
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Employee Count
Not available
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Investments & Acquisitions
Contract Management Strategies
& 5 more
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Acquired by
Sheridan
(Jan 08, 2018)
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Products & Services of SpendMend
SpendMend offers a comprehensive portfolio of products and services, including Profit Recovery, Vendor Management, and Medical Device Tracking.
Service to recover overpaid amounts in healthcare contracts.
Manages vendor contracts to optimize spending and reduce costs.
Tracks medical devices to prevent financial leakages.
People of SpendMend
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Funding Insights of SpendMend
Investors in SpendMend
SpendMend has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, Cadence Bank and Memorial Hermann.
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Healthcare sectors are targeted by this venture capital firm.
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PE firm investing in the US
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Sheridan Capital Partners is focused on healthcare private equity investments.
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Investor details for SpendMend
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Investments & Acquisitions by SpendMend
SpendMend has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Contract Management Strategies, Elevate340B and Rebate Insight.
Investment portfolio details for SpendMend
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- Portfolio identities
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud based platform for supply chain analytics and management
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Locked | Locked | 2018 | Locked | |
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Cloud-based software for pharmacy supply chain management is provided.
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340B compliance solutions are provided for pharmacy operations.
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Locked | Locked | 2016 | Locked |
Complete acquisition details for SpendMend
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - SpendMend
Detailed financials for SpendMend
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Spendmend Comparisons
Peer comparison for SpendMend
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Competitors of SpendMend
SpendMend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as APEX Analytix, Technology Insight, Broniec Associates, GBG DecTech and Gold Prairie, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Audit and supplier management solutions are offered to businesses.
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Software for auditing accounts payable and detecting irregularities is provided.
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Conducts accounts payable audits and recovers overpayments for businesses worldwide.
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Anti-fraud, anti-money laundering, and credit risk management services are provided.
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Offers a SaaS-based platform for continuous monitoring of accounts payable.
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Detailed competitors of SpendMend
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Latest news on Spendmend
Complete news archive for SpendMend
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Frequently Asked Questions about SpendMend
SpendMend was founded in 1993 and raised its 1st funding round 25 years after it was founded.
SpendMend is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
SpendMend was founded in 1993 and is headquartered in Grand Rapids, United States. Solutions for audit recovery and transaction management are delivered to businesses in the financial sector. Services encompass accounts payable analysis, compliance monitoring, tax analysis, contract management, and spend analysis. Financial leakages are addressed through insights and analytics. Audits of accounts payable and vendor statements are performed, with data analytics algorithms applied to identify irregularities in financial records.
SpendMend's top competitors include APEX Analytix, Technology Insight and GBG DecTech.
SpendMend offers Profit Recovery, Vendor Management, and Medical Device Tracking.
SpendMend has made 6 acquisitions, including Contract Management Strategies, Elevate340B, and Rebate Insight.
SpendMend has 6 investors. Key investors include Morgan Stanley, Cadence Bank, Memorial Hermann, Fidus Investment, and Corewell Health Ventures.