Alcidion has announced it is to acquire patient administration system provider, Silverlink PCS Software Limited, in a deal worth around £30million.
With the acquisition, Alcidion will gain Silverlink’s Patient Administration System (PAS) capabilities, which will complement its existing functionality of its Miya Precision Electronic Patient Record (EPR) system.
The deal will broaden Alcidion’s UK presence to 38 NHS trusts as Silverlink has long-standing relationships with 12 NHS trusts.
Kate Quirke, Alcidion group managing director, said: “This acquisition is very exciting and aligns with our overall intention to enhance the services we can offer the NHS.
“Combining Miya Precision with Silverlink PAS product reinforces our commitment to the UK market. Together we will support the open availability of data to ensure our healthcare systems are well equipped to address the challenges ahead. These aligned objectives make this partnership a perfect fit.”
Completion of the transfer is expected around 15 December and the acquisition cost was £30million upfront, with a prospect of a further £3million subject to pre-agreed conditions.
It’s the second acquisition this year for Alcidion, who bought patient flow software provider, ExtraMed in April for a reputed £5.3m.
Lynette Ousby, UK managing director, added: “We are excited to bring on board the experience and technology of the Silverlink team, which complements the work we have been doing at Alcidion with our Miya Precision platform. We believe that together we have a modern and compelling solution that delivers something different to the NHS.
“Our approach of separating data and application layers allows us to deliver an open, modular and flexible EPR ecosystem that can be easily configured to the specific needs of each trust. This further signals our intent to bring a compelling alternative to how trusts and ICS’ accelerate their digital maturity.”