Toronto-based RL Solutions has agreed to combine with London, U.K.-based Datix Ltd to create a single provider of healthcare quality and patient safety software.
No financial terms were released for the deal, which is expected to close in the next few weeks. The combined company will be led by Datix CEO Seyed Mortazavi and have more than 3,000 clients in 19 countries.
RL Solutions was founded in 1997 by CEO Sanjay Malaviya. Malaviya will become executive chairman of the new entity’s board.
Earlier this year, Datix secured an investment from TA Associates. The U.S. private equity firm now holds a stake alongside Five Arrows Principal Investments.
RL Solutions and Datix to Join Forces
Combined, it will become the world’s largest software company focused exclusively on patient safety and Quality
TORONTO, CHICAGO, and LONDON, July 11, 2018 /PRNewswire/ – RL Solutions (“RL”) and Datix Limited (“Datix”), leading providers of healthcare quality and patient safety software, announced today the combining of the two companies to form a global leader in patient safety, quality, and infection prevention.
After a brief transition period through the end of July, Seyed Mortazavi, Datix CEO, will take over chief executive duties of the combined company. Sanjay Malaviya, RL’s founder and CEO, will become executive chairman of the board. Seyed and Sanjay will work together closely to ensure a smooth transition of duties so that mission critical work can continue to be delivered for clients around the world.
Leveraging an enormous wealth of collective talent and best practices, the combined company will be a driving force for innovation in patient safety. In addition to bringing products to market faster, the joining of the companies will lead to more innovative solutions, enhanced services and support for clients, as well as delivery on a truly global scale. The combined company will also contain the largest repository of patient safety data in the world, enabling the creation of data-driven insights for healthcare stakeholders across the continuum of care.
“By working together, we have the opportunity to make an even greater impact on patient safety anywhere in the world,” said Seyed Mortazavi. “Our shared experiences, expertise and commitment to clients will serve us well as we work towards a future where harm to patients is prevented. We are truly excited and honored to take on this challenge and look forward to pushing the boundaries of patient safety technology.”
Sanjay Malaviya added, “RL and Datix share a common bond of integrity, excellence and humility that will continue to be the framework for how we conduct business moving forward. As we venture ahead on this exciting new journey, we will not forget that it is our clients and our staff who have given us the opportunity to make an impact in healthcare. I am confident that the joining of our two great companies will provide tremendous value to those who have put their trust in us from the start.”
For more than three decades, RL and Datix have delivered solutions dedicated to making healthcare safer, including software for patient safety, quality, risk management, incident reporting, claims management, infection surveillance, policies and guidelines, patient feedback, root cause analysis, peer review, compliance, and safety audits. With this combination, the company will have over 300 dedicated staff and more than 3,000 clients in 19 countries around the globe. It will also become the world’s largest software company focused exclusively on patient safety and quality.
The combination of the two companies is pending final approvals, which will be completed in the coming weeks. In the meantime, they will continue to serve their clients independently while mapping out plans to integrate.
Datix is a pioneer in mission critical patient safety and compliance software, enabling healthcare organizations to improve the quality of patient care. Datix has been a thought leader and market shaper for over 30 years, protecting more than 110 million patients across 20,000-plus global sites. Datix aims to build and promote a culture of safety within healthcare organizations, recruiting professionals who are passionate about improving healthcare and championing technological innovation. The company continually invests in its software and services, maintaining a leadership position at the forefront of the worldwide patient safety movement. Datix has offices in London, Chicago, Washington, DC and Melbourne with partners in the Middle East, Australia & New Zealand. For more information, please visit www.datix.co.uk.
About RL Solutions
For over twenty years, RL Solutions has been dedicated to designing innovative healthcare software for patient feedback, infection prevention & risk management and more to support overall quality and experience in healthcare. RL Solutions has over 1,800 clients, including healthcare networks, hospitals, long-term care facilities. RL Solutions is a global company with offices in Canada, the United States, Australia and the UK. For more information, please visit www.rlsolutions.com.