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.