Fri, 13 Sep 2013 | BUSINESS SALE
Healthcare software provider EMIS Group, part of ECI Partners, has acquired Bolton-headquartered Ascribe Group.
The business sale has been conditionally approved for £57.5 million in a deal that is expected to deliver “significant growth prospects” for the business.
Ascribe sells IT systems for pharmacy, administration and accident and emergency use to the NHS and overseas health service providers. It recently posted an operating profit of £4.3 million.
EMIS is paying for the company's share capital, which is valued at £12.5 million. However, it is also paying £40.4 million for the firm's outstanding loan notes and preference shares and a further £4.6 million to cover external bank debt.
The buyer operates in a similar sector, providing clinical software and related services to GP practices and other healthcare practitioners.
Chief executive of Ascribe, Stephen Critchlow, commented on the deal: “Our shared vision is for patients to benefit from all the information collected about their health and care across primary, secondary, social and community settings.
“Combining our integrated cross-organisational products and services will enable us to offer a unique proposition that benefits customers both in the UK and overseas."
He added that the firm sees EMIS as a “natural partner to take the Ascribe business to the next stage of its development”.
_________________________________________________________________________
Related information:
View the latest medical businesses for sale
The company possesses up to 50 vans in stock on-site, with an indoor and outdoor showroom allowing it to fully showcase its stockholding. The business offers full dealer facilities, including arranged finance, optional breakdown cover and part-exchan...
LEASEHOLD
Luxury public service hire business for sale situated in the South West due to retirement. The business supplies refined and standard lavatory trailers to the event market.
The business publishes a fortnightly print and digital magazine, covering UK and international engineering industry news, machinery updates, financial insights, and company profiles. With a readership exceeding circa 45,000 globally, including 20,000...
07
|
May
|
In vitro diagnostics regulatory consultancy acquired by listed firm | BUSINESS SALE
Abingdon Health, a listed diagnostic test manufacturer based...
07
|
May
|
UK administrations update: April 30 – May 7 | ADMINISTRATION
Since our last update, the following businesses have been co...
07
|
May
|
Plant and vehicle hire group acquired out of administration | BUSINESS SALE
A Leicestershire-based supplier of specialist plant and vehi...
29
|
Nov
|
Logistics firm to acquire Magnus Group warehousing operation | BUSINESS SALE
Hemisphere Freight Services (HFS), a family-owned logistics ...
19
|
Jul
|
Thin-film coating firm acquired at 12.7x EBITDA | BUSINESS SALE
Artemis Optical Holdings, a provider of thin-film coating so...
28
|
Sep
|
Jobs at risk as Northern Ireland care homes go into administration | ADMINISTRATION
Hundreds of jobs are at risk after the operators of four car...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.