M&A Deal Summary

RLDatix Acquires Verge Health

On October 21, 2020, RLDatix acquired internet software and services company Verge Health from 424 Capital

Acquisition Highlights
  • This is RLDatix’s 2nd transaction in the Internet Software and Services sector.
  • This is RLDatix’s 5th transaction in the United States.
  • This is RLDatix’s 2nd transaction in South Carolina.

M&A Deal Summary

Date 2020-10-21
Target Verge Health
Sector Internet Software and Services
Buyer(s) RLDatix
Sellers(s) 424 Capital
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

Verge Health

Mount Pleasant, South Carolina, United States
Verge Health offers SaaS solutions that automate and streamline complex administrative processes in the hospital system. Verge Health was founded in 2001 and is based in Mount Pleasant, South Carolina.

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Buyer(S) 1

Buyer

RLDatix

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Internet Software and Services
DESCRIPTION

RLDatix is a specialty healthcare governance, risk, compliance (GRC), and workforce management software provider. RLDatix’s suite of cloud-based software solutions enable customers to address daily GRC functions through its interconnected modular solutions, including incident and regulatory management, risk and compliance management, contract management, workforce management and vendor credentialing. RLDatix was founded in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 14
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 4 of 12
State (South Carolina) 2 of 2
Country (United States) 5 of 8
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 oneSOURCE Document Site

Salt Lake City, Utah, United States

oneSOURCE Document Site is a healthcare medical equipment SaaS database that provides online access to continuously-updated instructions for use (IFU) and preventative maintenance documentation. oneSOURCE was established in 2009 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 Ecteon

Brentwood, Tennessee, United States

Ecteon is a provider of contract management solutions for healthcare, insurance, life sciences and other industries. Ecteon's premier enterprise content management system, Contraxx, helps companies manage especially complex or rapidly evolving contracting requirements, often in highly regulated environments. Ecteon was founded in 1986 and is based in Brentwood, Tennessee.

Buy -

Seller(S) 1

DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 4 of 10
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (South Carolina) 1 of 1
Country (United States) 3 of 9
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Practis

Charlotte, North Carolina, United States

Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was formed in 1998 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Certica Solutions

Wakefield, Massachusetts, United States

Certica Solutions, Inc. provides an education technology platform, content and data solutions that enable K-12 educators and administrators to improve instructional and organizational performance. Certica partners with a diverse network of education technology companies, publishers and assessment providers; and delivers solutions directly to over 500 school districts, charter schools and educational service agencies. Certica Solutions was founded in 2000 and is based in Wakefield, Massachusetts.

Sell -