ealthcare software company Carebeans, which moved into Wales in 2022 on the back of an equity round backed by the Development Bank of Wales, has been acquired.
Carebeans has been bought a RLDatix, a specialist in connected healthcare operations software and services. The value of the deal has not been disclosed. Based in Monmouth Carebeans offers a cloud-based system for residential and nursing care homes and the full spectrum of supported living including domiciliary care, disability, and mental health services.
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The Development Bank of Wales declined to confirm the value of its original equity investment into Carebeans, which also has offices in Cheshire and Northampton, and the rate of any return on investment from the exit.
Founder and chief executive of Carebeans, Nick Lawford, said of the acquisition: “The value fit between Carebeans and RLDatix was immediately clear – not just the commitment to delivering integrated health and care solutions, but the shared focus on empowering providers to deliver higher-quality and safer care for patients and those receiving social care. Our combined resources, strategic expertise and innovative products leaves me feeling excited about the future trajectory of our industry.”
Jeff Surges, chief executive of RLDatix said: “As we strive for better connected healthcare operations in the broader NHS health and care settings, care coordination is critical. Carebeans’ software enables RLDatix to provide additional capabilities to the market through integration with our award winning QCS compliance solutions.”
Michael Bakewell, deputy portfolio manager with the Development Bank of Wales, said: “As early-stage equity investors, it was always clear to our investment team how innovative Carebean’s software platform is in the growing care industry. We are pleased to have been able to provide the funding necessary to provide the step-change that Carebeans needed to scale-up in Wales. Having now exited, we wish Nick and the team every success with the next phase of their journey.”
