META Corporate Finance Ltd

HSL

Healthy Software Limited

Meta Corporate Finance announces the completion of the sale of Healthy Software Limited to Advanced Computer Software Plc (“ACS”) in a cash and share deal led by Mark Ledger Beadell and James Lawson.

Healthy Software’s primary product, Crosscare, is an NHS-accredited clinical management system. Crosscare is fully configurable and is used by clinicians and healthcare professionals across a diverse client base including GP surgeries, hospices, palliative care, private practices and large corporate occupational health facilities.

Healthy Software’s shareholders engaged Meta due to their specialist expertise in the healthcare IT sector, and particular experience of having dealt previously with ACS. Rob England, who will continue as Healthy Software’s Managing Director commented “Meta certainly helped streamline the process and provided vital co-ordination throughout the sale, particularly the due diligence phase. Their past experience with ACS helped us to understand and deal with the issues quicker and we are all delighted with the end result. ”

Healthy Software’s solutions have an extensive installed user-base of GP practices in England, Wales and Northern Ireland and an 18% share of the UK hospice market. The acquisition is CEO Vin Murria’s fifth in an 18-month period and represents a significant opportunity for ACS to further enhance its product offering and underpin its growth in subsets of the healthcare market.

Mark Ledger-Beadell commented “Meta has developed an extensive knowledge of the Healthcare space. We are clearly the adviser of choice to shareholders wishing to maximise value and take advantage of the opportunity presented by consolidation in the current marketplace.”

Advisers to the Shareholders

Advisers to Advanced Computer Software Plc

  • Internal M&A Co-ordinator: Mark Butt
  • Legal: CMS Cameron McKenna
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