RLDatix is a Chicago-based international leader for governance, risk, and compliance (GRC), solutions for healthcare. It received a minority equity investment by Nordic Capital.
Five Arrows and TA Associates, existing investors, will retain a majority of the equity stake. The financial terms of the transaction are not known.
The funds will be used by the company to increase its organic and inorganic growth.
Jeff Surges, CEO of RLDatix, provides cloud-based software that allows organizations to report adverse events, reduce the number of healthcare-acquired infection and ensure patient safety. RLDatix software is used by over 5,000 clients in more than 20 countries. It protects hundreds and millions of patients worldwide.
The company recently acquired Allocate Software. This provider of human capital management software that helps healthcare organizations deliver safe, effective care,