Yorkshire firms advise healthcare software company on sale to London’s Allocate
Two Yorkshire companies have advised healthcare workforce software firm 247 Time on its sale to London-headquartered Allocate Software.
James Fawcett, corporate partner at law firm Gordons, led a team that provided legal advice to 247’s shareholders, while Will Arnold and Dave Irwin from Leeds-based Sentio Partners provided corporate finance advice.
247 Time offers vendor management, payroll and direct engagement technology for the healthcare sector.
For Allocate Software, the deal will enable end-to-end links between agency systems and bank and eRostering software, with the aim of allowing healthcare organisations to source staff quickly, safely and cost-efficiently.
The firm’s core Optima workforce platform is used by more than a million health and social care workers globally.
Allocate CEO Nick Wilson said: “This is an important addition to Allocate and a key element in ensuring that our solutions meet the diverse and demanding workforce needs of the healthcare sector.
“This is a very natural extension for Allocate, bringing functionality that our customers have asked us to add. The 247 Time solutions together with our partnership approach will allow us to empower our customers with choice, ensuring they have an option that is right for them.”
The managing director of 247 Time, Dave Brooks, commented: “I am thrilled the 247 Time team is joining Allocate, as many of our customers already use Allocate’s leading e-Rostering solutions.
“Our combined offering will be a significant benefit to customers and others by providing more joined up solutions and improved agency control.”
Law firm Gordons employs 200 people across offices in Bradford and Leeds.