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New Deal


Announced

Acquisition of Rx Systems by EMIS

Financials

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Transaction Value£1m
Consideration TypeCash
Capital Owned79%
Capital Bid For21%
EV/Sales0.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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pharmacy software

software development

Private

Friendly

Single Bidder

Acquisition

United Kingdom

Software

Synopsis

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Acquisition of the remaining stake in Rx Systems, provider of pharmacy software to the pharmacy market, by EMIS Group Plc, a major provider of healthcare software, information technology and related services in the UK, from Phoenix Medical Supplies, a wholesale supplier of pharmaceutical preparations. The consideration for the purchase is £8.0 million in cash, which has been funded out of EMIS Group's existing cash reserves. Commenting on the purchase, EMIS Group CEO Andy Thorburn said: "Rx has been an important contributor to EMIS Group since 2010 and Phoenix a valued partner, co-investor and customer throughout that period. We are pleased to have come to this agreement and to consolidate full control of Rx which, as the market-leading community pharmacy solution, remains central to the Group's strategy of providing connected healthcare software and services across every major UK healthcare setting."

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