Capita buys medical software company
Outsourcing firm Capita has splashed out 20 million pounds on technology firm Clinical Solutions Holdings.
Outsourcing firm Capita has splashed out 20 million pounds on technology firm Clinical Solutions Holdings.
Capita said the acquisition added further expertise to its existing services for the NHS, which include everything from support services for health providers to finance and accounting.
Clinical Solutions made an operating profit for its financial year to 31 December 2011 of £6.5m on turnover of £24.2m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Its technology includes software that reduces the cost of emergency care by directing non-urgent patients to local health support.
"This acquisition strengthens our ability to assist health services in driving down costs while providing quality patient care,' said Paul Pindar, Chief Executive of Capita.
"It also gives us a data centre that already delivers a high volume and high availability service to the NHS."
In April Capita raised £274m through 40m new ordinary shares so it could make further bolt-on acquisitions and pay down debt.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
8 of the best properties for sale with equestrian facilities
The best properties for sale with equestrian facilities – from a Georgian manor in Ceredigion, Wales, to a period farmhouse with an equine swimming pool in Banbury, Oxfordshire
By Natasha Langan Published
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published