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Software specialist ExtraMed is snapped up in £5.3m deal

A West Yorkshire medical software specialist has been snapped up by an Australian IT services provider in a £5.3m deal.

Pontefract based ExtraMed, which provides patient flow software to NHS trusts, has been acquired by smart health tech provider Alcidion Group in moves to provide an enhanced offering to hospitals, and primary and social care organisations.

Alcidion, which already works with more than 40 hospitals across the UK, aims to be a leader in the UK health tech market for patient flow and command centre communications, following the acquisition.

ExtraMed specialises in providing NHS trusts with software that helps frontline staff make informed decisions, based on real-time information on patient flow and currently has nine customers in the NHS, including involvement as a partner in a 10-year digital control centre project at Salford Royal NHS Foundation Trust – part of the Northern Care Alliance NHS Group.

The $9.6m Australian dollar deal (£5.3m) will see Alcidion increase its overall presence to 27 trusts, representing a market share of around 19% of the NHS acute care market

Lynette Ousby, UK general manager for Alcidion, said: “Bringing ExtraMed and its team of experts in patient flow into the Alcidion Group is a fantastic opportunity to further enhance how we work with hospitals across the UK.

“The combination of our capabilities and our expanding partner network opens up exciting possibilities as we continue to grow our offering to help NHS hospitals and integrated care systems that want to advance digital maturity by complementing and orchestrating their existing systems.

“Existing ExtraMed customers will benefit from the knowledge and experience we have in developing and delivering technological systems that improve patient care, while current Alcidion customers may take advantage of the digital expertise ExtraMed has in patient flow, in ensuring that each patient gets to the right bed at the right time.”

Susan Say, managing director of ExtraMed, said: “All of our customers will continue to receive the same high standard of service as our team joins the wider Alcidion family.

“The Alcidion Group is a perfect fit for ExtraMed, as we join a clinically driven organisation with a strong history grounded in patient safety and digital innovation. We look forward to expanding what we can do for our existing customers and other hospitals in the NHS as well as strengthening our bond with the Northern Care Alliance.”

Under the agreement Alcidion will purchase 100% of the shares in ExtraMed, a wholly-owned subsidiary of bedside communication and entertainment unit provider Hospedia. All staff, customers and assets are included in the acquisition agreement.

Kate Quirke, managing director of the Alcidion Group, added: “This acquisition significantly strengthens our position in the UK and signifies our commitment to this very important market. We are delighted to welcome the ExtraMed customers and the highly experienced ExtraMed team as we continue to transform the delivery of healthcare with smart technology solutions.

“In combining our customer bases and established solutions, alongside Miya Precision we are creating a strong competitive advantage and the opportunity for further growth as we look to introduce our Miya product range to these new customers. The combination of our technologies, staff and customers establishes Alcidion as the UK market leader for patient flow and command centre communications.”

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