Acquisition of iContracts by RLDatix

By CIO Applications| Friday, May 17, 2019

FREMONT, CA: RLDatix, a leading enterprise that drives healthcare-based solutions like patient safety, quality enhancement and, harm reduction, declared that it has entered into an agreement to take on iContracts. RLDatix is managed jointly by Five Arrows Capital Partners/Five Arrows Principal Investments and TA Associates, and as a result of the deal, Susquehanna Growth Equity is a shareholder in the joint setup. With over three decades of in-depth expertise in the healthcare sector, RLDatix is dedicated to the betterment of healthcare facilities. It is the largest global software enterprise involved exclusively with healthcare and patient safety and has over 3000 customers across 19 countries around the world.

iContracts provides a comprehensive set of cloud-based solutions that allow healthcare companies to mitigate risk and life science organizations to deal with the complex revenue management process.  It leads the contract, policy, and revenue management with an impressive ROI.

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As per the undertaking, the RLDatix patient safety solutions along with iContracts’ management capabilities will allow both the companies to make effective decisions based on the root cause of incidents. Jeff Surges, RLDatix CEO, seemed thrilled at the prospect stating the excellent revenue management policies of iContracts and the impressive ROI of its products. Leigh Powell, CEO of IContracts, said that post this venture he was confident for safer and efficient healthcare around the globe.

Apart from the learning opportunities from safety analysis and management policies, the acquisition has expanded RLDatix’s reach to the governance, risk management, and compliance (GRC) space, empowering the enterprise’s global mission for improved healthcare platforms. Further, the acquisition will enable them to reach a broader spectrum of customers, thereby helping them and improving the efficiency of healthcare facilities. Thus, the acquisition is aimed to achieve multifold objectives that seek a global representation.

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