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New Deal


Announced

Completed

Citadel Group completed the acquisition of Genie Solutions from IFM.

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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Domestic

Acquisition

Friendly

Software

Australia

medical practice management software

Private

Private Equity

Single Bidder

Majority

Completed

Synopsis

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Citadel Group, a global software and services firm, completed the acquisition of Genie Solutions, a practice management solutions provider, from IFM, an investment management services provider. Financial terms were not disclosed. "We’re delighted to welcome Genie into The Citadel Group family. James and the team have built a strong and fast-growing business through its high-quality product offering and the superior experience it provides for its many medical specialist clients. The combined entity is now a clear market leader across many health specialisations, and we intend to invest heavily in innovation to extend Genie’s dominant position, enabling the continuation of its exciting growth trajectory," Mark McConnell, The Citadel Group CEO.

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