Capita in £20m deal for health tech business
OUTSOURCING group Capita has sealed another small takeover deal with the acquisition of healthcare technology firm Clinical Solutions.
It bought Clinical from a private equity consortium led by Bridgepoint for £20m on a cash free and debt free basis.
Clinical, which has offices in Britain, the US, India and Australia, provides patient management software and technology which have been used in more than 70m clinical calls over the past 10 years.
It made an operating profit for its financial year to 31 December of £6.5m on a turnover of £24.2m.
“This acquisition strengthens our ability to assist health services in driving down costs while providing quality patient care,” said Capita chief executive Paul Pindar.
“It also gives us a data centre that already delivers a high volume and high availability service to the NHS. It will add important new expertise to Capita’s range of health services.”
Clinical has 160 staff, mainly in Basingstoke.
Last month Capita bought Bluefin Corporate Consulting, an employee benefits business from insurance firm Axa, for £50m on a cash-free and debt-free basis.