RelateCare

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RelateCare - overview

Established

2013

Location

Waterford, -, Ireland

Primary Industry

Outsourcing

About

RelateCare provides specialized consulting, administrative, and clinical support solutions to enhance patient care within healthcare organizations globally. RelateCare was founded in 2013 in Waterford, Ireland, focusing on delivering patient-centric support solutions. The company has undergone a strategic pivot towards enhancing its operational efficiency and expanding its service offerings. In October 2019, MML Growth Capital Partners Ireland and the company's management acquired RelateCare for EUR 12 million.


The company operates in the United States and Ireland, with plans for further international expansion. The founder's detailed history is not publicly available, including whether they have previously founded other companies. RelateCare specializes in providing innovative consulting, administrative, and clinical support solutions targeted at enhancing patient care in healthcare organizations. The company operates highly skilled patient contact centers that function as a seamless extension of in-house operations, offering 24/7 support.


Their core services include access and revenue cycle solutions, care coordination, and clinical support, which are designed to optimize workflows and improve patient engagement before and after appointments. RelateCare’s clinical team, composed of experienced Registered Nurses, Medical Assistants, and Health Coaches, integrates with client organizations to manage patient updates in real time, ensuring accurate Electronic Health Record (EHR) documentation. The end users of these services comprise large health systems, academic medical centers, and children’s hospitals primarily in the United States, with operations also extending to Ireland and expanding to markets in Europe and the Middle East. RelateCare generates revenue through partnerships with healthcare organizations across the U.


S. and Ireland, offering services structured around consulting engagements and ongoing operational support. The transactions are typically B2B in nature, with agreements structured on a fee-for-service basis or through long-term service contracts. Clients pay for specific services such as revenue cycle management, care coordination, or consulting based on defined pricing plans that reflect the operational scale and needs of the organizations.


RelateCare’s flagship services, including its patient access solutions and clinical support offerings, are tailored to improve patient outcomes and enhance operational efficiency, enabling healthcare providers to focus on direct patient care while benefiting from RelateCare’s expertise. In October 2019, MML Growth Capital Partners Ireland, along with the company's management, acquired RelateCare for EUR 12 million. The investment enables the company to support its growth plans and expand its business in the North American market. RelateCare is currently focused on developing new products aimed at improving service delivery efficiency and enhancing patient engagement, with specific release dates to be announced.


The company is targeting expansion into new geographic regions, particularly in North America and European markets, to be achieved over the next few years.


Current Investors

MML Capital Ireland

Primary Industry

Outsourcing

Sub Industries

Consulting Services, Outsourcing, Financial Services, Healthcare

Website

www.relatecare.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

RelateCare - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedRelateCare-

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