Emergency Care Research Institute (ECRI), a Willow Grove-based nonprofit specializing in improving the safety, quality, and cost-effectiveness of patient care, is launching a new company to help healthcare providers navigate product recalls and monitor spending on supplies.
According to a press release, the new company is called Staritas and has financial support from Accel-KKR, a technology-focused private-equity firm. Staritas “provides data and insights that help healthcare supply chain leaders make more informed decisions” to save up to $13 billion a year on items from masks to MRI machines, according to their website.
ECRI serves healthcare partners in more than 70 countries across North America, APAC, and EMEA regions. Leadership did not disclose how much Accel-KKR invested or how many employees went with Staritas.
“For five decades, ECRI’s award-winning Spend Management solutions have helped healthcare supply chain leaders navigate supply disruptions with resiliency, save millions of dollars, and benchmark purchasing decisions using the industry’s most comprehensive, independent datasets,” said Marcus Schabacker, CEO, MD, president of ECRI. “Now, by spinning out Staritas, powered by Accel-KKR to supercharge the power behind the data, improve the user experience, and accelerate innovation, healthcare supply chain leaders can realize even greater value from the platform.”
“We are excited to partner with ECRI and support the launch of Staritas, a new company with a 50-year track record of pioneering work in spend and recall management,” said Park Durrett, Managing Director at Accel-KKR. “Staritas’s unmatched independent datasets and domain expertise create a strong foundation for growth and customer impact. We’re proud to build on Staritas’s legacy and remain committed to the transparency, independence, and objectivity that define its work. We look forward to partnering with the talented Staritas team to keep building on a market-leading platform that delivers greater value to healthcare organizations and stakeholders worldwide.”
In January, the nonprofit announced that it is relocating its headquarters to 500 Virginia Avenue in Fort Washington. The new headquarters will include its medical device safety lab which remains in operation off-site throughout the renovation period.
For more on ECRI, you can visit their website.
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