Capita swoops for medical reporting giant
The Capita Group has acquired Premier Medical Group for a cash consideration of £60m on a cash-free, debt-free basis.
Capita said the acquisition adds depth and breadth of expertise to Capita's existing services for the health market, which includes running the NHS Choices programme, health informatics firm, CHKS, and the administration of the both the Information Standard for healthcare information and the payment of national health patient fees to dentists on behalf of NHS BSA.
PMG is forecasting an operating profit for its financial year to 31 December 2010 of £8m on turnover of £51.2m.
Paul Pindar, chief executive of The Capita Group said: "This acquisition will add important new expertise to Capita's range of health services, enabling us to provide of a full suite of medical reporting and screening services.
"The deal also further demonstrates Capita's commitment to, and investment in, the health sector."
PMG chairman Dr Harry Brunjes said: “This is an important step in the evolution of Premier Medical Group; our growth to date has been concentrated on the medico legal sector. With Capita Health supporting our future expansion we are confident that we can achieve similar success in the Life Assurance and Occupational Health space.”
PMG has around 285 staff in offices in Ludlow, Lincoln, Pangbourne and London.
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