Industry Overview
The Company presents an ideal opportunity for complementary service providers within healthcare to integrate new solutions into their existing portfolio whilst expanding their market share. The opportunity is a reputable provider of specialist electronic patient record (EPR) solutions, primarily for the benefit of clinical commissioning groups (CCGs), community hospitals and mental health facilities.
The Company prides itself on providing a cost-effective service which is delivered in a time-sensitive manner. As such, the business ensures it enhances the operational efficiencies of hospitals without compromising on integrity.
Location
The Company is presented as a fully relocatable opportunity.
Business Description
The Company’s core service is implementing and upgrading new and existing Electronic Patient Record systems for the benefit of community hospitals and mental health facilities. The new emerging service is the delivery of web apps, developed with CCGs, that will fill a niche market requirement with substantial and highly profitable revenue. The current model provides unparalleled expertise and guidance during the configuration of the system whilst analysing and mapping the current and future processes of the environment.
The analysis includes reviewing current documentation which is used by trusts on a daily basis in their current EPR process, whilst rationalising the digital infrastructure to ensure there is an efficient and streamlined procedure in the new system. Furthermore, the Company utilises its array of prominent contacts which have been gained over years of experience in the sector to provide services, such as data migration during the
transition between the current and new EPR systems.
Financial Summary
We are advised that there is currently in excess of £7m in current potential tenders with significant upside for market share gain.
Investment Rationale
With only 10% of trusts being entirely digitalised, there is a significant opportunity for the Company to extend its client reach and assist the NHS in its goal to implement a reliable and cost effective electronic network whilst significantly improving the overall standard of care across CCGs, community hospitals and acute facilities.
We are advised that the Company is awaiting the decision of a recent tender that would generate up to £7m in turnover, in addition to anticipating 40 (CCGs) implementing their solution's in the foreseeable future, which would generate an initial £1.2m of revenue.
Customer Overview
The Company has established an excellent reputation within the healthcare sector and is highly regarded as a dedicated, forward-thinking and trustworthy provider of high-quality, specialist services. Operating on a national basis, the Company benefits from seven active clients, all of whom provide ongoing, repeat custom, supplying the business with a reliable stream of revenue. As it has continued to enhance its service offering, the Company has established strong relationships with a number of CCGs, mental health facilities and community hospitals, some of which have been in place since the Company’s inception. The strength of these sustained relationships ensures the continued success of the business for the foreseeable future.
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