Built In Austin May 25, 2022
The Austin company will go private under a deal with Clearwater Compliance.
CynergisTek, an Austin-based company that helps hospitals with cybersecurity, privacy, compliance and IT audits, announced earlier this week that it will be acquired for $17.7 million by Clearwater Compliance, a healthcare-focused cybersecurity, compliance and risk management solutions firm.
CynergisTek’s board of directors unanimously approved the merger agreement, and soon it will be voted on by stockholders. When the transaction closes, CynergisTek will become a privately-held subsidiary of Clearwater, and CynergisTek shares will no longer be listed on any public market.
CynergisTek CEO Mac McMillan said in a statement that the company has worked hard to expand its service offerings over the years, and this merger is a...
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