News
Supporting Innovation in HealthTech: OR Trax’s Strategic Sale to Banyan Software
We are proud to announce that our firm represented OR Trax, a Tampa-based healthcare SaaS company, in its sale to Banyan Software, a leading acquirer of mission-critical enterprise software businesses. We have partnered with OR Trax nearly since its inception, supporting its growth from an early-stage platform to a nationally adopted operating-room scheduling and credentialing solution.
This transaction was led by our healthcare team consisting of Michael Igel, Adam Kravatz and Jessica Warwick, reflecting the strength of our cross-disciplinary healthcare, technology, and M&A capabilities.
Our Role in the Transaction
As legal counsel, our firm advised OR Trax on all phases of the transaction, including:
- Deal structuring and negotiation
- Tax implications and strategic tax planning
- Healthcare regulatory compliance, including credentialing, data management, and operating-room workflow regulations
- Corporate governance and transaction documentation
- Closing and post-closing considerations
This comprehensive representation ensured that the deal aligned with OR Trax’s long-term goals while safeguarding the company’s interests throughout a high stakes, regulated, and complex sale process.
About OR Trax
Founded in 2014 and headquartered in Tampa, OR Trax provides a cloud-based SaaS platform that streamlines vendor credentialing, OR scheduling, and real-time communication for hospitals, surgical centers, and medical device vendors. Its technology reduces administrative burden, increases compliance accuracy, and strengthens operating-room efficiency across the healthcare ecosystem.
A Strategic Next Chapter with Banyan Software
With Banyan Software’s long-term “buy-and-hold forever” model, OR Trax will gain access to expanded resources, deeper operational support, and a permanent home designed to continue the founders’ vision. This partnership positions OR Trax for continued growth while preserving its commitment to innovation in healthcare operations.
Planning a Software or Healthcare M&A Transaction?
Our firm advises technology, SaaS, and healthcare companies nationwide on mergers and acquisitions, regulatory compliance, and long-term exit strategies.
If you’re considering growth capital, an acquisition, or a future sale, our attorneys can help you navigate every step—from early planning through closing.
Contact Michael Igel and the team to learn how we guide high-growth companies through successful M&A outcomes.