Announced
Financials
Sources
Tags
United Kingdom
alarm monitoring
Security Equipment
Acquisition
Pending
Single Bidder
Private
call monitoring
Majority
Friendly
Synopsis
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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