Intraprise Health Acquires Compliance Solution HIPAA One – M&A
What You Should Know:
– Intraprise Health acquires HIPAA One to create comprehensive integrated security risk management and compliance platform for healthcare.
Intraprise Health, a provider of cybersecurity services and solutions and the Protect™ risk management software platform, today announced that it has acquired HIPAA One, a provider of HIPAA compliance automation software. The merger allows Intraprise Health to offer an integrated set of cybersecurity and compliance software solutions to the healthcare market.
Leveraging this new suite of integrated products, CISOs and security teams can now holistically address security risk management and HIPAA compliance across the continuum of their health system or network. Bluff Point Associates led the financing, with existing investor, Health Enterprise Partners, L.P. also participating.
HIPAA One Background
HIPAA One’s proven security, privacy, and compliance products, combined with Intraprise Health’s Protect ™ risk management platform, present a market-leading solution that addresses some of the industry’s greatest pain points. “Pairing HIPAA One’s automated Security Risk Assessment software platform with Intraprise Health’s existing cybersecurity capabilities offers our customers a complete security and compliance solution, increasing our commitment to securing our customer’s data,” said Sean Friel, Intraprise Health’s CEO.
Acquisition Creates Integrated Security Risk Management & Compliance Platform
The combined Protect ™ and HIPAA One product suite will deliver a full spectrum of security and compliance capabilities for the systems, applications, networks, and devices of healthcare organizations and third-party vendors. These software capabilities, including workflow automation, policy and procedure management, collaboration, task management, and auto-report generation capabilities are implemented and supported by a seasoned professional services team comprised of healthcare security, privacy, and compliance experts.
“Our client-centric formula leveraging automation to simplify and relieve the administrative burden of the HIPAA risk analysis requirement is a perfect addition to Intraprise Health’s security services, including their HITRUST Certified Assessor services. Intraprise Health’s Protect ™ software platform also meets the growing demands of our client and partnership ecosystem. We are excited to further advance innovation in the security and compliance space together,” said HIPAA One’s President, Steve Marco.