RLDatix Reaches $1.3 Billion Deal for Vista’s Allocate Software

Health-care technology company RLDatix agreed to buy Allocate Software, the maker of cloud-based medical platforms owned by private equity firms Vista Equity Partners and Hg.

The acquisition is pending final approvals expected to be completed in the coming weeks, RLDatix said in a statement on its website Monday, which confirmed an earlier Bloomberg News report. It didn’t provide financial terms. The deal is valued at more than 970 million pounds ($1.3 billion), people familiar with the matter said.

The purchase adds to a string of acquisitions by RLDatix, which is owned by Five Arrows, the private equity arm ...