Health software firm secures private equity investment
Radar Healthcare, a Leeds-based provider of risk, quality, and compliance software for the healthcare and social care sectors, has secured a majority growth investment from Marlin Equity Partners.
The partnership will support Radar Healthcare’s strategic goals of advancing product development and accelerating its international expansion.
Radar Healthcare’s co-founders, Paul Johnson and Lee Williams, alongside 24Haymarket, the company’s majority shareholder since 2017, will retain minority stakes in the business.
Paul Johnson, CEO of Radar Healthcare, said: “We are thrilled to partner with Marlin to accelerate our growth and further enhance our product offering.
“As the demand for unified systems to support care delivery continues to grow, this investment allows us to scale our solutions to meet the evolving needs of our customers across healthcare and social care.
“The Marlin team showed a profound understanding of our value proposition and strong alignment with our growth ambitions.”
Chris Clasper, principal at Marlin, added: “The Radar Healthcare team has developed an innovative and customer-centric platform that is uniquely positioned to support the mission-critical needs of healthcare and social care providers.
“We are excited to work alongside the founders and management team to provide operational and financial resources that will support Radar Healthcare’s continued growth.”
The investment should enable Radar Healthcare to enhance its platform and expand its footprint on a global scale.
DWF acted as an advisor to Radar Healthcare in connection with the transaction.
