With the private sector increasingly taking over providing healthcare facilities, entrepreneurs and private equity firms are taking advantage of opportunities to make some serious cash.
A developer of software designed to support healthcare professionals has been bought by its chief executive. CliniSys, which specialises in laboratory information management systems, was sold to a team led by Fiona Pearson.
ISIS Equity Partners has continued its strategy of investing in healthcare and IT by buying ScriptSwitch, a developer of medical prescription software.
The management team at an Oxfordshire-based manufacturer of healthcare equipment has bought the company after securing the backing of a US private equity firm.
Homecare provider Complete Personal Assistance (CPA) has expanded its business following its acquisition of Paediatric Nursing Link (PNL) for £2.2 million.
Drug developer ImmuPharma, which is focusing its efforts on converting small peptides into clinically viable compounds, hopes to launch on AIM on Friday – after raising £2.2 million from investors with the aid of broker KBC Peel Hunt.
A company in which technology specialist VCT manager Quester has invested stands to receive a boost from rising fears over a possible Avian flu outbreak. The investment group backed PowderMed via the Isis College Fund it manages, in an initial £20 million fundraising in May 2004.
Specialist healthcare investor Sitka, founded by former Schroders venture capitalist Gerard Tardy and Dr Louis Nisbet, who built up quoted biotech Xenova, has been bought by Noble Fund Managers.
Diabetes testing technology developer Quotient Diagnostics has raised £800,000 from a syndicate of backers - including The Capital Fund, GEIF Ventures and NESTA - and will use the cash to develop its technologies through to commercialisation.
Private investor network Hotbed has raised £4 million from its members, as part of a total £15 million expansion capital package for nursing homes operator Mimosa Healthcare.
