Knights’ Corporate team has supported Australian based IT services provider Alcidion on its purchase of ExtraMed for £5.3 million. The team was led by Philip Goldsborough supported by Josh Temple (Corporate), Helen Goldthorpe (Commercial), Paul Cooper (Tax) and James Keogh (Employment).
ExtraMed is a leading UK NHS provider with a 20+ years track record specialising in providing patient flow management software that helps frontline staff make informed decisions based on real-time visibility of patient flow. The acquisition will see Alcidion become the leader in the UK market for patient flow, adding nine NHS Trusts, six of which are new to Alcidion. This will increase the company’s overall presence to 27 NHS Trusts, representing a market share of ~19% of the NHS acute care market, and providing further touchpoints from which to cross-sell the broader Alcidion product suite.
Furthermore, ExtraMed, in partnership with Hitachi Consulting (as the lead contractor), has signed a large-scale healthcare IT contract to build the UK’s first fully integrated hospital-wide Digital Command Centre for initial deployment at Salford Royal NHS which is part of the four hospital Northern Care Alliance NHS Group. The partnership will also provide opportunities for Alcidion to position Miya Precision within the emerging Digital Command Centre offering.
Kate Quirke, Managing Director of the Alcidion Group said: “This acquisition significantly strengthens our position in the UK and signals our commitment to this very important market. We are delighted to welcome the highly experienced ExtraMed team of 11 staff, as well as new customers, as we continue to transform the delivery of healthcare with smart technology solutions.
“In combining our customer bases and the established solutions of ExtraMed and Patientrack alongside Miya Precision, we are creating a strong competitive advantage and the opportunity for further growth as we look to introduce our Miya product range to these new customers. The combination of our technologies, staff and customers establishes Alcidion as the UK market leader for patient flow and as a foundation platform for digital command centres.”
Philip Goldsborough, Corporate Partner at Knights commented: “We are delighted to have supported Alcidion and its Australia based deal team on this important strategic UK acquisition. The transaction was a great team effort by all and we wish Alcidion every success with ExtraMed.”