Iberian Acquisition For UBM
United Business Media Limited has acquired Iasist on behalf of its healthcare division CMPMedica for Euro 6.4m cash from Inflexion Private Equity and members of the business's management team.
Iasist is a provider of benchmarking data and software to regional health authorities, hospitals and other health service providers, principally in Spain and Portugal.
Iasist employs 34 staff, principally in Barcelona. Iasist's management team, including its founder Mercè Casas, will remain with the business following its acquisition and integration into CMPMedica.
In 2008, Iasist generated revenues of 4.5m.
The acquisition is anticipated to exceed UBM's 8% post-tax cost of capital acquisition criterion in its first full year of ownership.
Henry Elkington, Chief Executive Officer of CMPMedica says:"The acquisition of Iasist will significantly expand CMPMedica's range ofhealthcare data services, both in Iberia and beyond.
"Iasist is the market leader in Iberia and is highly regarded by its customers.
"We are delighted that Mercè and her team are coming on board and look forward to working with them to enhance and expand the range of benchmark services we offer. This acquisition demonstrates UBM's continuing commitment to developing and growing its business in healthcare data."
Iasist is a provider of benchmarking data and software to regional health authorities, hospitals and other health service providers, principally in Spain and Portugal.
Iasist employs 34 staff, principally in Barcelona. Iasist's management team, including its founder Mercè Casas, will remain with the business following its acquisition and integration into CMPMedica.
In 2008, Iasist generated revenues of 4.5m.
The acquisition is anticipated to exceed UBM's 8% post-tax cost of capital acquisition criterion in its first full year of ownership.
Henry Elkington, Chief Executive Officer of CMPMedica says:"The acquisition of Iasist will significantly expand CMPMedica's range ofhealthcare data services, both in Iberia and beyond.
"Iasist is the market leader in Iberia and is highly regarded by its customers.
"We are delighted that Mercè and her team are coming on board and look forward to working with them to enhance and expand the range of benchmark services we offer. This acquisition demonstrates UBM's continuing commitment to developing and growing its business in healthcare data."
Story provided by Business Financial Newswire
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