RLDatix, a specialist in governance, risk and compliance (GRC) solutions for healthcare, has completed the acquisition of UK-based Allocate Software (Allocate), a provider of human capital management solutions that help healthcare organisations deliver safe and effective care.
With the completion of this acquisition, RLDatix cements its position as the global innovator in healthcare GRC, combining its industry leading patient safety, risk, compliance and provider management capabilities with Allocate’s leading workforce management solutions. It also further accelerates Applied Safety IntelligenceTM, the company’s strategy to shift healthcare from reactive risk management to proactive prevention.
“We’re thrilled to complete the acquisition of Allocate and start the next chapter of our exciting journey together,” says Jeff Surges, CEO, RLDatix. “Covid-19 has reminded us that patient, workforce and organisational safety are inextricably linked, as burnout, well-being of care-givers and overall resilience are challenges felt by healthcare providers around the world. With the acquisition of Allocate, RLDatix is well positioned to continue delivering innovative, scaled and needed solutions that link healthcare GRC and workforce management. Combined, we will make healthcare safer.”
“We have always understood the link between patient safety, the welfare of staff and workforce technology and are very excited to join forces with RLDatix,” says Nick Wilson, CEO, Allocate Software. “With increasing demand for care and the ongoing clinician shortage being faced in healthcare we fully expect to positively impact both staff welfare and patient outcomes. We will be able to ensure that resources are planned, supported and truly underpinned by patient safety and quality.”
“The combination of RLDatix and Allocate creates an organisation of significant global scale that is poised to drive innovation in healthcare for years to come,” says Vivek Kumar, Partner at Five Arrows Principal Investments. “We look forward to supporting Jeff and his team in this exciting next phase of the company’s growth.”
“RLDatix and Allocate are integral to some of the world’s largest healthcare organisations,” added Reid Perper, CIO, Five Arrows Capital Partners. “This combination is uniquely positioned to deliver continued growth while unlocking exciting new opportunities that will benefit customers around the world.”
“It has been a pleasure working with RLDatix over the past three years to scale the business through organic and acquisitive growth, helping to solidify its position as a global leader in GRC,” says Naveen Wadhera, Managing Director at TA. “As we continue our partnership, we believe RLDatix and Allocate’s collective learnings and best practices will strengthen the combined company’s competitive positioning and help healthcare organisations around the world provide safer, higher quality, and more efficient care,” adds Ethan Liebermann, Managing Director at TA.
