Medisoft Limited is the UK’s leading provider of Electronic Medical Records (EMR) software solutions for the ophthalmology (eye-care) market. Founded in Leeds in 1997 by brothers Rob and David Johnston, their system is by far the most widely used ophthalmology EMR in the UK. Revenue is principally generated from sales of software licences, ongoing maintenance and support and by brokering deals to supply anonymized data from customers to data analytics and pharmaceutical companies.
Park Place Corporate Finance acted as Lead Advisor to the shareholders on the 100% disposal of the business to Heidelberg Engineering GmbH based near Frankfurt in Germany.
Ben Peacock, who led the deal for PPCF, commented “We are delighted to have assisted the shareholders of Medisoft realise the value they have created over the last 20 years. Given the significant opportunity to take its EMR solutions into international markets it is no surprise that the business attracted interest from overseas acquirers. The complementary nature of Heidleberg Engineering’s products and the cultural fit between the businesses made it the stand out acquirer.”
David Johnston, co-founder and Chairman of Medisoft said “PPCF’s advice and support throughout the process was invaluable. It has been a very busy period for the business and PPCF’s experience ensured that the inevitable distraction of the sale process was minimized whenever possible. We are delighted with the outcome and grateful for all of PPCF’s help.”