Chief executive buys CliniSys

A developer of software designed to support healthcare professionals has been bought by its chief executive. CliniSys, which specialises in laboratory information management systems, was sold to a team led by Fiona Pearson.

The deal was agreed for £61 million plus an earn-out of up to £2 million. The company was sold by its founding shareholders, some of whom re-invested in the business. Pearson was also backed by mid-market buy-out specialist ECI Partners.

ECI appointed L.E.K. Consulting to carrying out a commercial due diligence review, which was led by Ken Noonan, head of its European life sciences practice.

“The connectivity of pathology laboratories within hospitals and hospital consortiums, as well as with physicians, is critical to improving the delivery of pathology services across Europe,” Noonan said. “CliniSys is well positioned to be the leader in supporting such connectivity.”

Marc Barber

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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