European private equity firm Montagu Private Equity signs with ECI Partners to acquire CliniSys Group, supplier of IT systems to clinical laboratories

Posted on 5, July 2013 by | This entry was posted in Business, Financial, Healthcare, Internet & Online, Investment, Technology, United Kingdom and tagged , , , . Bookmark the permalink.

London, 5-7-2013 — /europawire.eu/ — Montagu Private Equity (“Montagu”), a leading European private equity firm, today announced that it has reached an agreement to acquire CliniSys Group (“CliniSys” or “the Company”), a pan-European supplier of IT systems to clinical laboratories, from ECI Partners (“ECI”). The terms of the transaction were not disclosed.

CliniSys, headquartered in Surrey, UK, is the market leading supplier in Europe of clinical laboratory information management systems. The company provides specialist IT systems to clinical laboratories enabling them to provide fast and reliable diagnostics services to the healthcare industry. CliniSys supplies services to over 2,000 laboratories with more than 22,000 customers.

CliniSys’ growth prospects are underpinned by the rising volume and complexity of diagnostic tests carried out at laboratories, which currently account for over 70% of medical diagnostic decisions across the public and private healthcare sectors. Demand for clinical laboratory services is driven by increased diversification in testing methods, an ageing population, and the emergence of personalised medicine.

Montagu plans to support the growth of CliniSys as it expands internationally and continues to pioneer technological advances in the industry. Montagu’s previous investments in the healthcare services and IT sectors include Sebia, a leading manufacturer of instruments and reagents for in-vitro diagnostics, Euromedic International, a pan-European medical service provider and Open International, a software provider to UK general insurance brokers.

Edward Shuckburgh, Director at Montagu Private Equity, said:

“CliniSys is a market leading business with an excellent reputation for innovation and customer service. The company is well positioned to meet the growing international demand for its robust, best-in-class IT systems, serving the clinical laboratory sector’s increasingly complex requirements. We look forward to working with CliniSys’ talented management team on the company’s next phase of growth.”

Fiona Pearson, Chief Executive Officer of CliniSys Group, said:

“We are delighted to be partnering with Montagu and the firm’s extensive experience working with healthcare services, diagnostics and IT businesses will be of great value to us. Our focus going forward will be on continued international expansion while maintaining our high standards of quality and reliability to customers as their demands grow in both size and complexity.”

Montagu was advised by Smith Square Partners on the transaction.

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