North Carolina company acquires WhiteCloud Analytics

The Boise healthcare analytics company WhiteCloud Analytics has been acquired by the North Carolina-based Relias Learning.

WhiteCloud Analytics analyzes patient data to help clients such as St. Luke’s and Delta Dental identify best practices. The company was founded by CEO Bob Lokken and President Jeff Rutherford in 2009. The acquisition was announced June 6.

Relias Learning is an online assessment and teaching company that works with about 6,000 healthcare providers to train workers. WhiteCloud declined to release financial details about the transaction.

Officials at Relias said it has acquired seven companies since March 2016 including WhiteCloud Analytics and another analytics company from North Carolina called Care Management Technologies. It has added  about 50 employees since the start of this year.

Care Management Technologies and WhiteCloud Analytics both focus on helping healthcare organizations improve their financial health and streamline operational efficiency. Relias Learning plans to incorporate these companies’ products into its own service offerings, said Jim Triandiflou, CEO of Relias Learning.

“As a result, our clients will be able to make data-driven decisions to improve both patient care and financial performance,” Triandiflou said in a prepared statement.

WhiteCloud Analytics will stay in Idaho. It’s not yet known how the acquisition will affect future growth, Lokken said.

Relias first approached WhiteCloud about merging the companies’ technology about two years ago. About six months ago, WhiteCloud started looking for ways to raise capital and accelerate its growth, and decided Relias was the best fit based on culture and potential, Lokken said.

“The WhiteCloud team has created a platform that has significantly more market opportunity than our 60-person team could capitalize on,” Lokken said.