Michelson succeeds Jeff Surges who transitions
into Board Advisor Role
CHICAGO, Oct. 15,
2024 /PRNewswire/ -- RLDatix, a leading global
provider of connected healthcare operations software and services,
announced today the appointment of Dan
Michelson as its new Chief Executive Officer and a member of
the Board, effective November 1,
2024. Michelson succeeds Jeff Surges, who has led the
company through a period of transformational growth since 2019 and
will continue as an advisor and Board member.
Michelson brings over 30 years of healthcare experience in
building and scaling high-performing, industry-leading companies.
In his 10 years as CEO of Strata Decision Technology, the company
became an industry standard utilized by over half of the hospitals
and healthcare delivery systems in the U.S. He led the sale of the
company to Roper Technologies (NASDAQ: ROP) in 2015 and continued
as CEO for seven years. During his tenure, the company's enterprise
value increased 30x while earning "Best in KLAS" for customer
satisfaction for 10 consecutive years and consistently being
recognized as a top workplace. Prior to Strata, for over a decade
he served as Chief Strategy Officer and Chief Marketing Officer at
Allscripts, one of the foundational companies in the EHR market,
and more recently, Michelson co-founded InCommon Innovations, an
incubator for workforce solutions.
"The first promise of healthcare is the Hippocratic Oath, which
is to 'first, do no harm.' RLDatix is one of the leading companies
in the world relative to helping care providers and their
organizations deliver on that promise," stated Dan Michelson, incoming CEO of RLDatix.
"Ultimately, the two most important valuable assets for healthcare
delivery systems are their reputation and their workforce. RLDatix
has a unique platform of software and services that improve safety
for patients and providers while reducing risk for healthcare
organizations. I feel very fortunate to have the opportunity to
join this extraordinary team and be part of scaling such a
meaningful mission."
RLDatix provides software and services to over 6,000
organizations around the world, including the National Health
Service (NHS) in the United
Kingdom, Sana Kliniken, the third largest private hospital
group in Germany, New South Wales
Health in Australia, and all 20 of
the hospitals on the Best Hospitals Honor Roll in the U.S. News
& World Report rankings.
"Dan has a well-earned reputation as one of the most effective
and innovative players in healthcare, having built out world-class
products and companies as well as sectors within the market. He is
the ideal leader for the next phase of the company's evolution as
we continue to set the standard for improving patient safety and
support our customers with best-in-class enterprise solutions,"
said Vivek Kumar, Partner at Five
Arrows. "Jeff has done an extraordinary job in helping to build
RLDatix into one of the leading companies in healthcare. We are
grateful for his work and appreciate all the progress he has made
in setting the company up for such a bright future."
RLDatix has significantly expanded both its customer footprint
and product portfolio over the last five years, connecting
healthcare operations across risk, compliance, patient experience,
and workforce and provider management.
"We look forward to partnering with Dan to build upon the strong
foundation Jeff has established at RLDatix," said Naveen Wadhera, Managing Director at TA
Associates. "Dan's exceptional track record of scaling companies,
fostering innovation, strengthening operations, and delivering a
world-class customer experience, positions RLDatix perfectly for
continued growth and increased impact across healthcare."
"It has been a privilege to be part of the RLDatix journey over
the last nearly six years, as we have taken the business from a
patient safety provider to become a global software solutions
provider for our customers," said Surges. "We welcome Dan to
continue delivering on our vision of safer healthcare for all."
About RLDatix
For more than 20 years,
RLDatix has championed safety as our driving force. We are a leader
in integrating data across risk, safety, compliance, provider
lifecycle and workforce management to provide decision-makers with
the critical insights they need to enhance care quality and improve
patient outcomes across the enterprise. This approach, prioritizing
safety and outcomes for patients, workforces and organizations
alike, is what we call connected healthcare operations. Trusted by
thousands of healthcare providers worldwide, we empower them to
focus on what matters most: delivering efficient, patient-centered
care. Together, we can create a brighter future where meaningful
data insights lead to safer healthcare for all. Visit
www.rldatix.com to learn more.
About Five Arrows
Five Arrows is the
alternative assets arm of Rothschild & Co and has ~$30 billion AuM with offices in Paris, London, New
York, Los Angeles,
San Francisco and Luxembourg. With over ~$11 billion of assets under management, the
corporate private equity business of Five Arrows is focused on
investing in companies with highly defensible market positions;
strong management teams; business models with high visibility of
organic unit volume growth and strong unit economics; and multiple
operational levers that can be used to unlock latent value. Sectors
are limited to data and software, technology‑enabled business
services and healthcare. For more information, please visit
https://www.rothschildandco.com/en/five-arrows/.
About TA
TA is a leading global private
equity firm focused on scaling growth in profitable companies.
Since 1968, TA has invested in more than 560 companies across its
five target industries – technology, healthcare, financial
services, consumer and business services. Leveraging its deep
industry expertise and strategic resources, TA collaborates with
management teams worldwide to help high-quality companies deliver
lasting value. The firm has raised $65
billion in capital to date and has over 150 investment
professionals across offices in Boston, Menlo
Park, Austin, London, Mumbai and Hong
Kong. More information about TA can be found
at www.ta.com.
Contact Information:
RLDatix@matternow.com
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