NEW YORK, July 19, 2017 /PRNewswire/ -- Rizk Ventures (RV) is excited to announce the expected merger of two RV portfolio companies, Rizk Ventures Healthcare Analytics (RVHA) and Classroom24-7 (Classroom). RVHA will officially acquire Classroom and both companies will continue to operate under the RVHA name. "We believe these two companies complement each other extremely well and that their opportunity for growth is much greater as a collective entity," said Rizk Ventures Founder and CEO, Thomas A. Rizk. RVHA will utilize Classroom's distance learning platform, content library, and technology to better train and educate hospital staff and healthcare providers, while continuing to cut client costs.
This merger will provide RVHA with Classroom's integrated suite of software and distance learning technology, enhancing RVHA's ability to deliver lean and other quality improvement methodologies to a hospital's staff and administration. With these new capabilities, RVHA will be able to scale more rapidly and increase implementation efficiency, distributing training and services to more hospitals and system clients. This addition of software and content will also significantly increase client value per year. Classroom24-7 has worked with notable healthcare clients including Hospital for Special Surgery (HSS), the world leader in orthopedics and rheumatology.
Classroom's Learning Management System, while applicable to multiple industries, was specifically designed with healthcare and medical training in mind. "When we first started we were focused on hospitals and the healthcare sector. We've worked with RVHA in the past and a lot of the content and courses we've created are applicable to already active RVHA clients, so we're excited to hit the ground running," said Classroom24-7 President, Jack Lyden. In addition to Classroom's suite of software and technology, RVHA will also gain access to its rich media production team, software development team, and other personnel who have all worked in healthcare in some capacity for the last decade.
RVHA CEO, Jason Palmer, shares the excitement, saying "RVHA excels at providing hospital clients with a roadmap to peak operational performance and the tools needed to achieve results. With the merger of Classroom24-7, we will be able to fulfill that promise even more successfully through expert distributed workforce training."
Rizk Ventures owns and invests in a large portfolio of companies and has deep expertise in Healthcare, Technology, and SaaS, stemming back to its successful growth and sale of TractManager.
About Rizk Ventures:
Rizk Ventures is a privately-held investment firm based in New York, founded by Thomas A. Rizk and Linda Rizk. Rizk Ventures focuses on investment activities in the areas of Real Estate, Venture Capital, and Private Equity. Rizk Ventures adds value post-investment by strengthening consumer relationships, advising management teams, broadening technology platforms, and providing operational expertise.
SOURCE Rizk Ventures, LLC