RLDatix, a Chicago, IL-based international leader in governance, risk and compliance (GRC) solutions for healthcare, received a minority equity investment from Nordic Capital.
Existing investors Five Arrows and TA Associates will continue to maintain a majority equity stake. Financial terms of the transaction were not disclosed.
The company intends to use the funds to expand its organic and inorganic growth.
Led by Jeff Surges, CEO, RLDatix provides cloud-based software for organizations to 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 in over 20 countries, RLDatix software protects hundreds of millions of patients around the world.
Most recently, the company acquired Allocate Software, a provider of human capital management solutions that help healthcare organizations deliver safe and effective care.