Business Description
- Ascribe is a healthcare business providing IT solutions that make patient data available at 'the point of care' Its products include e-prescribing, pharmacy, mental health, patient administration and A&E systems
- The group is headquartered in Bolton and employs more than 270 staff in the UK, East Africa, Hong Kong, Malaysia, Australia and New Zealand
Investment Rationale
- A broad range of highly regarded, clinically-focused products that provide real patient benefits at the point of care
- The business model provides a high level of contracted maintenance and recurring cross-selling revenues
- Good underlying market growth providing plentiful opportunity for further installations in the UK as well as further penetration of overseas markets
- An experienced ‘practitioner-led’ management team with a successful track record of both organic growth and sourcing, executing and integrating acquisitions
- Strong sector knowledge from existing ECI portfolio investments (Clinisys and WCI Group)
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