Seventh acquisition since start of 2016 continues expansion beyond training for healthcare providers
CARY, NC, June 6, 2017 – Relias Learning, a trusted partner in online analytics, assessments, and learning for the healthcare market, today announced the acquisition of Boise, ID-based WhiteCloud Analytics. WhiteCloud is the second acquisition made by Relias in the analytics category, following the recently announced acquisition of Care Management Technologies (CMT). WhiteCloud brings 20 years of analytics and performance management best practices to their Healthcare Performance Management Platform, which is designed to help health systems optimize care, improve financial health and streamline operational efficiency.
“WhiteCloud’s strength in the acute care market, combined with their performance management analytics tools, make them an ideal addition to the Relias suite of solutions,” said Jim Triandiflou, CEO of Relias Learning. “When combined with our recently announced acquisition of CMT, we are building a unique analytics solution. As a result, our clients will be able to make data-driven decisions to improve both patient care and financial performance.”
Relias Learning’s aggressive investment in the analytics category stems from its desire to give clients visibility into exactly how organizations, and even individual providers of care, are performing. Clients can leverage analytics to measure the effectiveness of interactive, blended learning programs that are targeted to solving specific high-risk, high-value issues.
When combined with Relias’ learning and assessments tools, analytics becomes even more powerful. Relias can now offer clients targeted end-to-end solutions that blend delivery of care analytics with adaptive learning to provide for the improvement of measurable outcomes, as well as increased ROI.
“The future of healthcare is uncertain, but the necessity for change is not,” said Bob Lokken, CEO of WhiteCloud Analytics. “By integrating WhiteCloud’s best of class performance management analytics with Relias’s best of class learning management system, we create a new digital platform which will set a new standard in supporting healthcare’s demands to accelerate the rate of change and improvement. This in turn sets a new standard for helping our clients thrive during times of uncertainty.”
WhiteCloud has established a strong reputation as a solutions provider in the healthcare industry, primarily in the acute care market. Notable clients include St. Luke’s, Montefiore, and IASIS Healthcare. They also have a presence in the dental field, working with Delta Dental among others.
“WhiteCloud’s performance management platform has played a crucial role in our progress and pursuit of better health, better care, and lower cost,” said Dr. David Pate, President and CEO, St. Luke’s Health System. “Our success is almost single handedly the result of our wide-scale focus on the elimination of irrational variation, and the WhiteCloud technology is our empirical platform and partner in that pursuit.”
WhiteCloud is one of seven acquisitions announced by Relias since March of 2016. The acquisitions are an integral part of a growth strategy to expand across the continuum of healthcare while also moving beyond compliance to combine analytics, assessments, and learning to help healthcare organizations improve performance. In addition, Relias announced in 2016 that it planned to add 450 employees over five years at its Cary, NC headquarters. The company has added nearly 50 people in the first quarter of 2017.
Brentwood Capital Advisors acted as the financial advisor to WhiteCloud Analytics for this acquisition.
About WhiteCloud Analytics
WhiteCloud is a leading provider of healthcare performance management technology that helps health systems safeguard revenues and combat rising costs. Based on 20 years of analytics and performance management best practices, the WhiteCloud™ Healthcare Performance Management Platform is designed to help health systems optimize care, improve financial health and streamline operational efficiency. Learn more at whitecloud.com.