ECRI, a Philly-area healthcare safety nonprofit, is spinning out a supply chain business
ECRI, based in Willow Grove, did not disclose terms of the deal with PE firm Accel-KKR.
ECRI, a Willow Grove nonprofit that publishes an annual top 10 list of technology health hazards, is spinning out a technology business to help healthcare providers navigate product recalls and monitor spending on supplies, ECRI announced Tuesday.
The spinout is happening with the financial support of a technology-focused private-equity firm called Accel-KKR. ECRI did not disclose how much Accel-KKR invested or how much it would receive from the deal.
The Staritas systems are used by health systems nationwide to save up to $13 billion a year on items from masks to MRI machines, Staritas said on its website.
ECRI, which will keep a stake in the spinout, had a net loss of $2.8 million on $80.4 million in revenue in 2024, according to its 990 tax return. The tax return said ECRI employed 532 people that year.
A spokesperson for the 63-year-old nonprofit did not immediately respond to questions about how many employees went with Staritas or how much of its revenue was from that unit in 2024.
ECRI said the spinoff of Staritas will allow it to deepen its focus on the creation of “resilient and safe healthcare systems.”
The organization’s number-one health hazard on its 2026 list was the misuse of AI chatbots in healthcare, because they sometimes provide false or misleading information.
