LOS ANGELES and LONDON, November 8, 2024 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a majority growth investment in Radar Healthcare (“Radar Healthcare” or the “Company”), a provider of risk, quality, and compliance software for the healthcare and social care sectors. Radar Healthcare’s suite of solutions caters to over 250 healthcare and social care participants worldwide, with the goal of ensuring the safety of patients and residents while delivering excellent care outcomes. The transaction will enable the Company to further advance its market position through ongoing product development and support its international expansion. Radar Healthcare’s Co-Founders, Paul Johnson and Lee Williams, and 24Haymarket, the Company’s majority shareholder since 2017, will retain a minority stake in the business.
“We are thrilled to partner with Marlin to accelerate our growth and further enhance our product offering,” said Paul Johnson, CEO of Radar Healthcare. “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.”
“The Radar Healthcare team impressed us with their innovative and customer-centric product offering. Radar Healthcare’s mission-critical platform is strategically positioned to drive sustained growth in both domestic and international healthcare and social care markets,” said Chris Clasper, a principal at Marlin. “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.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with approximately $9 billion in capital commitments. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed nearly 250 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.
About Radar Healthcare
Radar Healthcare empowers health and social care organizations to make a meaningful impact on patient safety and quality of care. By blending digital innovation with real-world healthcare expertise, Radar Healthcare enables providers to not only meet regulatory standards but to actively spot trends, prevent incidents, and drive continuous improvement. Designed with flexibility and adaptability in mind, and with a deep understanding of the daily challenges in health and care, Radar Healthcare is dedicated to evolving alongside the industry, delivering a system that is valued for its role in shaping safer, more effective care. For more information, please visit radarhealthcare.com.
Contacts:
Peter Spasov
(310) 364-0100
pspasov@marlinequity.com