Last checked at 1 Jun 2010 07:00
1 June 2010
CAPITA ACQUIRES PREMIER MEDICAL GROUP
The Capita Group Plc (`Capita') announced today that it has acquired Premier Medical Group Ltd (`PMG') for a cash consideration of £60 million on a cash-free, debt-free basis. PMG is a leading provider of medical reporting and screening services across the UK.
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 £8 million on turnover of £51.2 million.
Commenting on the deal, Paul Pindar, Chief Executive of The Capita Group Plc 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 has around 285 staff in offices in Ludlow, Lincoln, Pangbourne and London.
-ends- For further information:The Capita Group PlcTel: 020 7799 1525Paul Pindar, Chief ExecutiveShona Nichols, Corporate Communications DirectorMedia enquiriesCapita press officeCaroline MooneyTel: 0207 654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita in healthcare
Capita's experience in healthcare has grown significantly over the last two years since a decision in 2008 to focus on this sector. The growth has been forged on two fronts:
* Securing large outsourcing contracts including NHS Choices (www.nhs.uk), NHS Business Services Authority and operating the new Information Standard. * Acquiring and developing businesses such as CHKS (health informatics), CRC (health economics), Membership Services (governance services to Foundation Trusts), HSP (staff and patient surveys for the NHS), Inventures (health property advisory firm) and Health Solutions (occupational health services).
With over 600 staff in its health operation, Capita brings a range of business process, informatics, research and governance skills to deliver services which either support front-line health care delivery (e.g. dental payments) or provide information to improve both effectiveness and efficiency (e.g. NHS Choices).
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,000 people at more than 300 sites, including 59 business centres across the UK, Ireland, the Channel Islands 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 FTSE100 with revenues for 2009 of £2,687 million. Further information on The Capita Group Plc can be found at: http://www.capita.co.uk
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