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Advanced has acquired healthcare electronic document management specialist Docman for an undisclosed fee. The deal will see Docman’s CEO Ric Thompson take on the role of MD for Health & Care at Advanced when Nick Wilson, who currently holds the position, takes over as CEO at Allocate Software next month (see Allocate appoints Advanced’s Nick Wilson as new CEO).
The deal is a good fit with Advanced’s strategy under the leadership of CEO Gordon Wilson i.e. acquiring close to its core markets and focusing on cloud-based applications. Advanced has a solid position in urgent and community healthcare settings, but Docman gives Advanced significant reach into primary and acute settings.
More than 5,400 GP practices, 115 NHS Trusts and 178 Clinical Commissioning Groups (CCGs) currently use Docman’s document management and workflow solutions.
This product set is complementary to Advanced’s existing health and care offerings, which include financial management, electronic patient records, e-prescribing and medicines administration, clinical patient management and its clinical decision support solution (CDSS), which also powers the Ask NHS app. We believe there will be significant cross sell opportunities for Advanced’s new look Health & Care business.
This is the fourth acquisition that the UK-based software and services provider has completed in the last twelve months. It follows Science Warehouse and Information Balance in March 2018 and Hudman Solutions in July 2017. We expect to see further M&A activity this year.
Overall, this looks like a sound acquisition by Advanced, The UK healthcare sector is under tremendous pressure as the population ages and demands on the service increase. Technology is a key component in relieving these pressures and remains central to government policy for the sector. This will create opportunities for the business, particularly for products and services that demonstrably improve efficiencies.
Subscribers to TechMarketView’s research services, and our new UKHotViewsPremium service, can read further analysis of this acquisition and what it means for Advanced here.
Posted by Dale Peters at '09:39' - Tagged: acquisition health
