RLDatix has completed the acquisition of Allocate Software to help widen its presence in the healthcare market.
The finalised move will see RLDatix’s capabilities in patient safety, risk, compliance and provider management combine with Allocate’s workforce management solutions. In addition it will also speed up RLDatix’s strategy to shift healthcare from reactive risk management to proactive prevention.
The two companies are now well placed to support strategic initiatives across human capital management, patient and health worker safety and other healthcare operations vital for driving safer, better care.
Jeff Surges, CEO, RLDatix, said: “We’re thrilled to complete the acquisition of Allocate and start the next chapter of our exciting journey together. 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.”
It’s a sentiment Nick Wilson, CEO of Allocate Software shares. He said: “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.
“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 acquisition was supported by Five Arrows Principal Investments, whose partner, Vivek Kumar, added: “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. We look forward to supporting Jeff and his team in this exciting next phase of the company’s growth.”
The acquisition was previously announced by the company on June 28 2021, and will see the combined company have more than 5,000 customers in over 20 countries and 1,400 staff working on four continents.