Five Arrows and TA Associates-backed RLDatix completed the acquisition of Allocate Software from Vista Equity and Hg Capital for $1.35bn.

Five Arrows and TA Associates-backed RLDatix, a global provider of patient safety and risk management software, completed the acquisition of Allocate Software, a provider of healthcare workforce deployment software, from private equity firms Vista Equity and Hg Capital for $1.35bn. "We are very excited to join forces with RLDatix. The link between patient safety, the welfare of staff and workforce technology is absolute. Over the coming years, providers of healthcare face ongoing workforce shortages alongside increasing demand for care. Together, we will positively impact how the workforce is planned, supported and deployed in a way that for the first time means it will be truly underpinned by patient safety and quality," Nick Wilson, Allocate Software CEO.