EMIS Group acquires Leeds-based software solutions firm

EMIS Group, the UK leader in connected healthcare software and services, has acquired Pinbellcom Group Limited , a supplier of administration and compliance software to both the primary and the secondary care markets, from its founders for £3m net of cash.

The acquisition is part of EMIS’s strategy of providing connected healthcare IT for patients and those involved in their care.

Pinbellcom supplies a web based product suite designed to improve efficiency through communication and knowledge sharing within primary and secondary care.

Pinbellcom’s products include the multi award winning Intradoc247 providing GP practices, GP Federations and Clinical Commissioning Groups (CCGs) with a comprehensive intranet administration and compliance platform.

Established in 2005, Pinbellcom currently has 12 employees and operates from offices in Leeds.

The business will be immediately integrated into Egton, the EMIS’s Engineering, Hardware and Solutions division. Edward Bellamy, founder and director, will join Egton’s management and become head of its pre-existing Web Services team. The other founders, Ian Pinder and David Coverdale, will be retiring with immediate effect.

The purchase consideration, net of cash acquired, amounts to £3.m, payable in cash from the EMIS’s existing resources.

For the year ended 31 March 2015 Pinbellcom’s adjusted pre-tax profit was £400k with revenue of £1.2m, including strong recurring revenues. The acquisition is expected to be immediately earnings enhancing.

Martin Sweeney, Steven Millward and Caroline Thompson-Hayes of Schofield Sweeney LLP acted for EMIS Group Plc in connection with the acquisition.

Chris Spencer, CEO of EMIS Group, said: “This acquisition further enhances our product suite for primary and secondary care. These new products also support efficiency gains by providing a single point of access for all administration, process and management functions.”

Simon Gray, Simon Roberts and Kirsty Parker of Hentons acted on behalf of PinBellCom.

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