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Rldatix Acquires Galen Healthcare Solutions

Jul 26, 2022about 3 years ago

Acquiring Company

RLDatix

Acquired Company

Galen Healthcare Solutions

ChicagoSoftware

Description

RLDatix, the international leader in governance, risk and compliance (GRC) solutions for healthcare, announced today the acquisition of Galen Healthcare Solutions (Galen), the market leader in implementation, optimization, data migration and archival solutions for HIT systems. This acquisition will help organizations meet regulatory requirements for data retention while also ensuring continuity of care for patients throughout their healthcare journey.

Company Information

Company

RLDatix

Location

Chicago, Illinois, United States

About

RLDatix is on a mission to change healthcare. We help organisations drive safer, more efficient care by providing governance, risk and compliance tools that drive overall improvement and safety. Our suite of cloud-based software helps organisations report on adverse events, reduce healthcare-acquired infections and ensure patient safety learnings are implemented across the continuum of care. With more than 5,000 customers over 20 countries, RLDatix software protects hundreds of millions of patients around the world. RLDatix is controlled by Five Arrows and TA Associates as major shareholders.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed