RLDatix, a leading provider of solutions that drive patient safety, quality improvement, and harm reduction in healthcare, announced today that it has entered into a definitive agreement to acquire iContracts. Pioneers in contract, policy, and revenue management, iContracts’ comprehensive suite of cloud-based solutions help healthcare organizations manage risk and compliance, and life sciences organizations navigate complex revenue management processes.
The acquisition brings together the richness of the RLDatix patient safety platform with iContracts’ leading policy management capabilities to allow organizations, for the first time, to take action on the root causes of incidents via the implementation of policies and procedures that are dynamic in nature.
“We are thrilled to be joining forces with iContracts,” said Jeff Surges, CEO, RLDatix. “iContracts has always been at the forefront of contract, policy and revenue management, and its products lead the pack when it comes to capabilities and ROI. Bringing its offerings into the fold will allow us to serve a broader set of customer challenges while helping to realize our mission of becoming a global solutions provider in the governance, risk management and compliance space.”
“iContracts has always prided itself on building easy-to-use, scalable, and innovative tools to drive value for our customers,” said Leigh Powell, CEO, iContracts. “As we move into this new and exciting chapter, I couldn’t be more grateful to the entire iContracts team for their accomplishments over the years. I am confident that together with RLDatix, we will be a driving force for safer and more efficient healthcare around the world.”
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In addition to linking learning opportunities from patient safety root cause analyses to dynamic policies, iContracts’ contract and revenue management businesses broaden RLDatix’s reach into the GRC space, furthering the company’s global mission of providing platforms that drive improvement and efficiencies in healthcare.
RLDatix is jointly controlled by Five Arrows Principal Investments / Five Arrows Capital Partners and TA Associates, and as part of the transaction, Susquehanna Growth Equity becomes a shareholder in the combined business. In addition, the iContracts management team, including CEO Leigh Powell, will remain intact.
The transaction is pending final approvals, which will be completed in the coming weeks.
Date: May 20, 2019
Source: Cision
