Last checked at 21 May 2012 13:51
21 May 2012
Capita acquires Medicals Direct
Capita plc (`Capita') announces that it has acquired Medicals Direct Holdings Limited (`MDG'), a provider of medical screening services, for £13.2m, on a cash free-debt free basis, and a deferred consideration, linked to profit performance, of up to £2m.
MDG made a pro forma operating profit of £2.25m on turnover of £18.6m for the year to 31 December 2011.
Commenting on the deal, Capita plc Chief Executive, Paul Pindar, said: "MDG provides more than 150,000 medical screenings every year, primarily to the life and pensions sector. The acquisition adds new capabilities to Capita by, for example, allowing Capita to enter the home-based screening market. This investment works well with our existing portfolio of clinic and mobile unit screening services, aligns our health proposition with Capita's existing life and pensions business and adds important new capability to large scale contracts we may be targeting in the wider private and public sectors."
MDG has around 180 employees across 6 offices.
-ends- For further information:Capita plcTel: 020 7799 1525Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Media enquiriesCapita press officeCaroline Mooney
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita plc is the UK's leading provider of BPO and integrated professional support service solutions. With 46,500 people at more than 350 sites, including 68 specialist business centres across Europe and India, the Group uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2011 turnover of £2.9 billion and profit before tax of £385 million. Further information on Capita plc can be found at: http://www.capita.co.uk
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