RLDatix has acquired Milpitas, California-based Quantros Inc.'s patient safety business.
Quantros is a provider of quality and patient safety software for health care, with more than 800 hospitals and health system customers across the U.S. As part of the transaction, all Quantros Safety Suite customers leveraging their safety solutions and modules will transition to RLDatix. Quantros staff focusing on the safety business will also join RLDatix to ensure no disruption in service or support for Safety Suite users. All other Quantros business units will continue to operate under the Quantros brand.
Following the recent acquisition by RLDatix of iContracts, this transaction is intended to further the company's reach into governance, risk and compliance while maintaining its commitment to patient safety. Additionally, it is expected to accelerate the company's data and analytics strategy by introducing new datasets from a diverse collection of health care organizations.
"We are excited to welcome Quantros Safety Suite customers into the global RLDatix family," RLDatix CEO Jeff Surges said in a statement. "With our core commitment to patient safety, we look forward to embracing these organizations who join forces with 3,000 other customers around the world that are dedicated to providing the best and safest care possible. Quantros users are pioneers in patient safety and we look forward to partnering with them to continue our mission of delivering insights and tools that drive improvement in healthcare."
Quantros CEO Trey Cook added: “As a leader in the patient safety space for nearly 20 years, we have enjoyed the opportunity to support our many clients and we are proud of what we've been able to accomplish together. We are excited to transition this portion of our business to RLDatix as they are in a unique position to carry and enhance the business going forward. This transition will allow Quantros to sharpen our focus on our healthcare quality and valued-based care solutions."
RLDatix investors include TA Associates, Five Arrows Principal Investments / Five Arrows Capital Partners and Susquehanna Growth Equity. Francisco Partners is the primary investor in Quantros.
Raymond James & Associates Inc. served as exclusive financial adviser to Quantros, and Paul Hasting LLP served as legal adviser to Quantros. Kirkland & Ellis LLP served as legal adviser to RLDatix.