Main Capital acquires TPSC

The Dutch firm made the acquisition via its Main Capital III fund, which closed last October. The vehicle launched in September 2011 with a €60m target and typically provides equity tickets of €2-6.5m.

Main Capital will support TPSC's aim of consolidating the cloud-based healthcare software market. The firm also plans on expanding the company internationally.

Company
Founded in 2003 as GreCom, TPSC rebranded as The Patient Safety Company in 2009. The company is headquartered in Alkmaar with a US base located in Stamford, Connecticut.

TPSC provides governance, risk and compliance software to healthcare organisations such as hospitals, mental care institutions and outpatient care services.

Its software is designed to improve patient safety by allowing healthcare organisations to automate and support processes like incident management and accreditation. TPSC's product is sold across 16 countries, including a partnership with Integramed to provide TPSC's services to 153 locations across 36 states in the US.

It claims to have a customer base of around 300. Customers include AMC Amsterdam, GGZ Eindhoven and MCA Alkmaar.

People
Niels Greidanus is the CEO of TPSC. Charly Zwemstra is managing partner at Main Capital.

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