Private equity firm Thoma Bravo plans to acquire healthcare security company Imprivata in a deal valued at approximately $544 million.
Imprivata offers secure communications, patient identification and sign-on and password management solutions for healthcare organizations. The company reported $119.1 million in revenue and a net loss of $23.1 million in 2015, according to The Wall Street Journal.
Following news of the acquisition, Imprivata shares increased by more than 30 percent to approximately $19, reports Boston Business Journal.
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