Global healthcare service IMS Maxims has acquired certain assets of CSW Group from the company’s administrators for £175,000 in cash.
Global healthcare service IMS Maxims has acquired certain assets of CSW Group from the company’s administrators for £175,000 in cash. The acquisition aims to strengthen IMS’ offering to the NHS, the Irish Health Services, the private health sector and emerging markets in the Middle East.
Oxford-based CSW Group is a specialist in XML-based software applications for healthcare. It had contracts with BT, the London local service provider, and a number of NHS trusts with a turnover to 31 January 2008 of £5.3 million.
Under the terms of the deal, IMS will acquire certain of these contracts and will also take on a number of staff. The acquisition is expected to be neutral in terms of consolidated profits in the year to 31 March 2009.
Brian Ennis, CEO of IMS, said: “Our first priority is to continue the support of CSW solutions to existing customers and to embrace the knowledge and experience of the CSW team. The combined product offering will allow IMS deliver an even broader range of leading clinical software applications to healthcare users.”