Advanced Computer Software Group plc (Advanced), a leading provider of software and IT services to the healthcare and commercial sectors, today announces the acquisition of Avia Health Informatics plc. Avia Health Informatics plc is the developer and provider of clinical decision support and referral facilitation software.
The purchase consists of the acquisition by Advanced of 100% of the share capital of Avia’s trading subsidiary, Plain Healthcare Limited (“Plain”), in consideration for the assignment and novation of the obligations of Avia under the £350,000 convertible loan note owed to Advanced following its investment in Avia in September 2012.
- Strategic product acquisition for the Group’s Advanced Health and Care division, supporting Advanced’s penetration of the NHS
- Plain’s Pathfinder referral facilitation and Odyssey clinical decision support systems are used by over 100 NHS customers and is already a long-term partner of Advanced Health & Care
- The acquisition is expected to be earnings enhancing in its first year
The acquisition is subject to approval by Avia’s shareholders and is expected to complete on or around 16 October 2013.
Note to editors
About Advanced Computer Software Group plc www.advancedcomputersoftware.com
Advanced Computer Software Group plc (“Advanced or the “Group”) is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.
The Group operates as three divisions:
Advanced Health & Care sells a range of products to the NHS and private healthcare sector including patient workflow management for urgent and unplanned care providers; patient case management for social care providers; mobile applications for care in the community providers and rostering applications for social care settings.
Advanced Business Solutions provides accounting, payroll, HR and document management solutions to local authorities, healthcare organisations and private sector businesses including banks, manufacturers, retailers, charities and travel companies.
Advanced 365 delivers managed services to support Group products and to a wide range of customers including banks and financial institutions, membership bodies and healthcare organisations. Services can be delivered either on-premise or as cloud-based models depending on customers’ requirements.
Advanced Computer Software Group
+44(0)1625 856 513
Advanced Computer Software
Tel: 01625 856 505