Capita acquires iSoft Business Solutions
14 December 2010
Capita acquires healthcare software firm, iSoft Business Solutions
The Capita Group Plc (`Capita') announces today that it has acquired McKeown
Software Limited, trading as iSoft Business Solutions, for a consideration of
£23 million on a cash-free, debt-free basis. iSoft Business Solutions, a
subsidiary of iSOFT Group, is a leading provider of financial accounting and
purchasing software to the public sector, including 60 per cent of English NHS
trusts and many other local government, not-for-profit and housing association
organisations.
The acquisition adds further depth and breadth of expertise to Capita's
existing services for the health market, which includes running the NHS Choices
programme, medical screening firm Premier Medical Group, health informatics
firm CHKS, and the administration of both the Information Standard for
healthcare information and the payment of national health patient fees to
dentists on behalf of NHS BSA.
iSoft Business Solutions made a pro forma operating profit for its financial
year to 30 June 2010 of £3.2 million on turnover of £17.7 million.
Commenting on the deal, Paul Pindar, Chief Executive of The Capita Group Plc
said: "iSoft Business Solutions, the leading finance system in the NHS market
place, broadens Capita's penetration in the NHS market, both in the number of
client relationships and the depth of our product offering. iSoft Business
Solutions' systems and expertise are also relevant to clients in our other core
markets."
iSoft Business Solutions, which will be known as I B Solutions after the
acquisition, has around 140 staff, mainly in Letchworth and Dublin.
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Media enquiries
Capita press office
Caroline Mooney
Tel: 020 7654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita in healthcare
Capita's experience in healthcare has grown significantly over the last two
years since a decision in 2008 to focus on this sector. The growth has been
forged on two fronts:
* Securing large outsourcing contracts including NHS Choices (www.nhs.uk),
NHS Business Services Authority and operating the new Information Standard.
* Acquiring and developing businesses such as Premier Medical Group (medical
reporting and screening services) CHKS (health informatics), CRC (health
economics), Membership Services (governance services to Foundation Trusts),
HSP (staff and patient surveys for the NHS), Inventures (health property
advisory firm) and Health Solutions (occupational health services).
With over 600 staff in its health operation, Capita brings a range of business
process, informatics, research and governance skills to deliver services which
either support front-line health care delivery (e.g. dental payments) or
provide information to improve both effectiveness and efficiency (e.g. NHS
Choices).
The Capita Group Plc is the UK's leading provider of BPO and integrated
professional support service solutions. With 36,000 people at more than 300
sites, including 59 business centres across the UK, Ireland, the Channel
Islands and India, the Group uses its expertise, infrastructure and scale
benefits to transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE100 with revenues for 2009 of £2,687 million. Further
information on The Capita Group Plc can be found at: http://www.capita.co.uk
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