Wed, 02 Mar 2011 | BUSINESS SALE
A Bolton-based healthcare software business that was formed from a management buy-out in 2009, has managed to raise its annual turnover to more than £25 million through buying a company.
Ascribe completes the deal to buy 21C, a London-based healthcare business intelligence data company, this week, making it its first new acquisition in nearly two years.
21C provides clinical analysis to GPs' surgeries and primary care trusts to help them improve their performances and reduce costs. It has an annual turnover of around £2 million and employs 15 people. It will be uniting the Ascribe's WCI Healthcare division under the new division title of Ascribe Consulting.
21C's founder and chief executive, Paul Henderson, will now become part of Ascribe's management team.
Ascribe's chief executive, Steven Critchlow, said that the firmly established expertise and business model of 21C made it an ideal addition to Ascribe's current workings and plans for the future.
"The acquisition of 21C is a major statement of intent, and provides us with a robust and commercially-proven set of solutions, as well as new customers," he said. "This acquisition allows us to deliver the reporting and depth of analysis that our customers need to improve their clinical outcomes and reduce their costs."
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