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New Deal


Announced

Appello to acquire Medvivo’s Careline business.

Financials

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

Tags

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United Kingdom

alarm monitoring

Security Equipment

Acquisition

Pending

Single Bidder

Private

call monitoring

Majority

Friendly

Synopsis

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Appello, the UK’s largest telecare monitoring provider, agreed to acquire Medvivo Careline, the telecare and out of hours call monitoring service business, from Medvivo Group. Financial terms were not disclosed. “Medvivo Careline have delivered quality service for their customers for many years and we look forward to continuing that tradition. We felt a strong synergy because of our respective emphasis on service excellence and were attracted by their diverse customer base – from supported residential developments to individuals living in their own homes in the community. The acquisition represents the continuation of our ambitious growth strategy and reinforces our position as the leading provider in the UK of both telecare monitoring and digital telecare services,” Tim Barclay, Appello CEO.

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