Following multiple strategic acquisitions and partnerships, Rectangle Health, a digital technology company providing software solutions to healthcare organizations, plans to continue its growth through 2024 and beyond and has tapped its preferred provider and industry leader, TSG (The Strawhecker Group), to assist. TSG has completed dozens of acquisition and investment transactions and over 250 valuations on payments companies.
Rectangle Health is focused on expanding its product portfolio. The technology company, primarily known for processing patient payments, has evolved as a vertically integrated software-as-a-service (SaaS) player that can simplify the entire business side of healthcare for providers. In 2022 and 2023, the company acquired three different SaaS companies. By procuring RavePoint and ReminderCall, Rectangle Health was able to add tools like patient scheduling, waitlist management and patient reminders to its repertoire. And through the acquisition of PCIHIPAA, the company gained leading HIPAA, OSHA, and PCI compliance solutions.
“We expect M&A to be a significant contributor to growth across SaaS and payments for our company,” noted Damien Warner, Head of Corporate Development at Rectangle Health. “We have a strong track record of acquiring companies and integrating them into our product stack to deliver customer value. You can expect that any M&A activity in the future will have that same client value focus.”
“Rectangle Health is an impressive organization when you evaluate both their people and platforms,” said Sam Wares, who manages M&A activity for TSG. “The opportunity to be a part of their expanding success should be an exciting proposition to many. We urge those with interest to contact TSG as soon as possible.”
Rectangle Health has become one of the leading companies offering healthcare technology. The organization works with more than 50,000 healthcare providers in the United States, processing almost $10 billion in healthcare volume annually. In 2021, Rectangle Health was named to the Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing companies.
TSG (The Strawhecker Group) is a globally recognized analytics and consulting firm that supports the entire payments ecosystem, serving over 1,000 clients from Fortune 500 leaders to more than a dozen of the world's most valuable brands. Trusted by industry leaders, TSG's strategic services, market intelligence, and analytics merge to empower clients with actionable and accessible information.
About Rectangle Health
Rectangle Health equips healthcare practices with the technology and tools to attract and retain patients from digital registration to post-care billing. The company’s end-to-end customizable platform enhances the patient experience, reduces administrative burden, boosts financial stability, and simplifies healthcare and payment compliance. Since 1993, Rectangle Health has streamlined practice management workflows for tens of thousands of practices in the United States.