Riverside backs surgical instrument tracking technology company Censis


instrumentsPrivate equity firm The Riverside Company has backed Tennessee-based software-as-a-service company Censis Technologies.

Censis provides surgical instrument tracking and workflow software to sterile processing departments of hospitals and ambulatory surgical centres.

The company’ technology helps ensure the accuracy and procedural compliance of SPDs, which are responsible for assembling instrument trays for surgical procedures and managing inventory.

It noted that disorganization in the SPD can cause costly disruptions and delays, while improperly sterilized equipment can lead to widespread infections.

Riverside partner Brian Sauer said, “As hospitals face the increasing demands of more regulation and the need to be more efficient while delivering exceptional care, the service Censis provides will become even more valuable.

“Censis delivers a cost-effective way to increase compliance and improve patient outcomes, while delivering a high ROI. It’s a great business.”

Riverside’s other recent deals include an investment in international labelling business Loftware.

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