£1.24bn bid for healthcare software firm

Leeds-based healthcare software systems provider EMIS Group is set to be acquired in a deal worth around £1.24 billion.

The recommended cash acquisition will be made by Bordeaux UK Holdings II Ltd, (Bidco), a subsidiary of Optum Health Solutions (UK) Limited and a wholly owned subsidiary of UnitedHealth Group Incorporated.

EMIS was founded in North Yorkshire in 1987 and today employs around 1,400 people. He reported earnings of around £168m in 2021.

Its connected healthcare software and systems are widely used in a number of major UK healthcare settings, including primary care, community care, accident and emergency, and community and hospital pharmacies.

Optum UK is a healthcare software, services and consultancy company that has been operating in the UK for almost 20 years.

It is a wholly owned subsidiary of UnitedHealth Group, a healthcare and wellness company, which employs more than 350,000 people worldwide.

Optum says it believes a combination of EMIS and Optum UK would strengthen EMIS’s capabilities as a leading UK health technology company, with increased ability to deliver significant benefits to patients , clinicians and the NHS.

EMIS says the deal should help the NHS improve patient care and experience by providing clinicians with innovative and improved data and technology tools that could also free up clinicians’ time.

He also says the acquisition should enable EMIS to grow its business in the UK through accelerated investment in innovation.

Andy Thorburn, Chief Executive of EMIS, said: “We believe this combination will have the resources and expertise to enable us to better support the NHS and clinicians with technological innovations.

“EMIS’s long track record of delivering effective technology solutions and strong financial and operational performance combined with UnitedHealth Group’s resources and expertise will allow us to accelerate our development.”

“We therefore believe that the combined group will be well placed to serve its customers and partners in the UK healthcare system, while ensuring that EMIS remains a strong organization supporting the NHS, fulfilling EMIS’s aim of enabling better care through technological innovation.

Rob Sergeant, Managing Director of Optum UK, added: “Optum UK is dedicated to helping the NHS work better for clinicians and patients, and believe this combination with EMIS will bring ever more advanced solutions and technological capabilities. to the NHS and GPs to improve patient care. »

Slaughter and May is acting as legal counsel to UnitedHealth Group and Bidco, while Travers Smith LLP is acting as legal counsel to EMIS.

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