.
MergerLinks Header Logo

Announced

BC Partners-backed Advanced to acquire CareWorks.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Majority

Acquisition

Private

health software

Single Bidder

Software

Ireland

Pending

Friendly

Synopsis

Edit

BC Partners-backed Advanced, a provider of healthcare, enterprise, and other business solutions and services to the public and private sectors, agreed to acquire CareWorks, which provides cloud-based case management software for health and social care organizations. Financial terms were not disclosed. The acquisition will boost Advanced’s drive to deliver integrated health and care solutions and support the goals set out in the NHS Long Term Plan to build integrated care systems by 2021. “Being part of the Advanced family will help to spearhead the delivery of a fully integrated end-to-end health and care platform, with CareWorks an integral component. We jointly recognize the transformative benefits that bringing together health and social care will deliver – as leading software providers to that market we are ready to support the integrated plans. We quickly saw the potential that bringing together our solutions into a single system could provide and see it as an incredible opportunity to make a real difference to people’s lives,” Michael Dolan, CareWorks CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US