 |
|
Ascribe buys Scorpio
Health IT group Ascribe has purchased Scorpio Information Systems, a supplier of clinical information management systems to the UK National Health Service, for £1.31 million.
On completion, Ascribe will pay £600,000 comprising £880,000 cash and a share issue to the tune of £430,000. The board believes the acquisition will be earnings enhancing during the first year.
The acquisition enables Ascribe to expand its group offering with a greater range of patient-centric information management systems.
Royal Bank of Scotland was the senior debt provider to Ascribe. James Nelson, director in RBS corporate banking, led the team. He commented: “Ascribe is an existing customer of the bank and RBS was delighted to be able to support its continued growth.”
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- Corporates idealistic about M&A Dec 02 2008
- Conference takes M&A global Dec 02 2008
- RedHot Media buys AllChina advertising stake Dec 02 2008
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- IMS Maxims acquires CSW assets Dec 02 2008
- Intertek deal to test Eastern Europe Dec 02 2008
- Ultra Electronics gains MidEast foothold Dec 01 2008
- Moto picks up Roadchef site Nov 28 2008
- NCC secures Next Generation acquisition Nov 27 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February