Relatient Merges with Radix Health; Gains $100M+ Investment

Relatient, a SaaS-based, patient engagement platform, announced a definitive agreement to merge with Radix Health while also raising more than $100 million of additional growth equity capital from its existing investor, Brighton Park Capital and its affiliates. Through the merger, Relatient will add Radix Health’s suite of enterprise-grade patient access solutions to its existing platform to continue to optimize provider schedules, increase patient satisfaction and improve outcomes for healthcare organizations. Read more.

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Mercy Hospital Properties Valued at $137.3M, Nearly 7x $20M Agreement

Although Mercy Hospital in Iowa City has signed a letter of intent to sell most of its assets to the University of Iowa for $20 million, a review of property assessment records show the 150-year-old community hospital’s 19 properties — all of which are intended for the UI — are valued at nearly seven times as much as the sale price.