According to former WhiteCloud CEO Bob Lokken, the deal came after WhiteCloud began looking for “strategic acceleration” opportunities about six months ago. While WhiteCloud considered a ground-up expansion, Relias’ experience in sales and existing partnerships with more than 1,000 hospitals made it an obvious complement to WhiteCloud’s offerings, Lokken said.
“At the end of the day, (Relias) fit better than just about anything else,” Lokken told the Statesman.
He said WhiteCloud will remain in Boise (and, for now, under the WhiteCloud name) as the analytics arm of Relias. The two may integrate into a common brand sometime in the future, Lokken added.
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Most of the company’s 60 employees will stay on, though five or six positions may be eliminated “due to redundancy,” according to Lokken.
Other job opportunities could be in the works as details of the deal settle.
“Right now we’re definitely in growth mode,” Lokken said, though that growth plan is still uncertain.
Lokken said he will also stay on with Relias, working on analytics strategy for the company and determining “how analytics can impact health care systems in the future.” His official role and title within Relias are yet to be determined, he told the Statesman.
Lokken declined to say how much Relias paid to acquire WhiteCloud. Both businesses are private.
The two companies are no strangers to one another. Relias first approached WhiteCloud about a partnership in 2015, Lokken said. At that time, WhiteCloud was “pursuing (its) own path.”