Pharmagest Interactive-backed Malta Informatique to acquire 70% stake in ICT Group.

Malta Informatique, a subsidiary of Pharmagest Group, has completed its acquisition of 70% stake in ICT Group, a developer of multi-disciplinary software and online hosting solutions for health centres (maisons de santé, centres de santé and pôles de santé) and is now positioned in this new specialty, offering a high degree of complementarity with its current activities. Financial terms were not disclosed. By combining their forces, Pharmagest, Malta Infromatique and ICT Group become the only player able to propose a comprehensive offering to all health professionals whether private practitioners, professionals grouped within structures or hospitals. "By combining our strong presence across the different types of healthcare structures, with ICT Group's position in the sector of territorial-level multi-disciplinary structures, we are expecting significant synergies as a result of the complementary nature of our two activities. This strategic acquisition will facilitate our access to new market segments in France where the recognised know-how of ICT Chorus will support our strong business growth. We in this way confirm our determination to strengthen our positions in France and Europe to achieve our development targets, notably with respect to issues relating to coordination between private practitioners and hospitals as well as between different private practitioners themselves." Grégoire De Rotalier, Chair of Malta Informatique and Head of Pharmagest Group's Health and Social Care Facilities Solutions Division.