Buyer for patient safety software company in Europe

• Revenue: EUR 2-30 million
• Employees: not a decisive factor
• Location of the target: Europe
• Reason for acquisition: The company is a global organization that develops software solutions for patient safety. The management wants to grow the business in Europe via acquisitions, therefore is open to speaking to interested sellers
• #CFIE ITB035

The company is active in developing and delivering safety solutions for healthcare organizations and their patients. They are a global provider with offices in Canada, the US, Australia and Europe. They have more than 20 years of experience in the field and around 150 employees. The main focus now for the management team is to grow the business in Europe, therefore they are looking to expand operations by acquiring another company that has compatible products and technology. The buyer normally registers revenues of more than EUR 50 million and wants to use these funds for acquisitions of new entities. The target company needs to have good exposure to European clients and should demonstrate a growing potential.

The company created a system that provides increased safety to patients taking into consideration past incidents. In high-risk industries, such as healthcare, it is challenging to find ways to diminish the possibility of errors that might have a negative impact on patients. Organizations can improve their environment by mitigating risks, a solution for this is representing the company’s incident reporting system which can transform incident data and adverse events into actionable information that can be used in creating better performing safety strategies.

The solutions come in two forms: web-based software and a  cloud-based one, each of them designed for healthcare management applications, risk and governance components and safety elements. The cloud solution is a SaaS-based software that helps enterprises to improve process quality. Both of these solutions have the same core features which capture data and events, evaluate information, recommendations and strategy for improvement. Next, they implement the best practices and assess the changes that have been made in order to see the relevance and efficiency. Modules inside the platforms help define and manage the entire system from identifying incidents and events to implementing and monitoring the changes and improvement. These modules provide information in each phase such as incident reporting, risk register, patient experience, claim management, complaint handling, mortality review, investigations, safety alerts and care quality standards compliance.

Industries for which the company’s solutions and services are addressed are hospitals, social care, primary care and mental health. The company also provides training services supported by certified professionals. The company has ISO 9001 and ISO 27001 certifications.

The company is looking to acquire an enterprise that operates in patient safety software activity and has similar services such as:

• Health safety monitoring
• Integration
• Implementation
• Project management
• Consultancy
• Training

The company also develops various products and tools for safety assessment, incidents, feedback, investigations, policies, and guidance.

• The buyer is a global organization that develops software solutions for patient safety
• The company uses SaaS and web-based technologies to increase efficiency
• The company has decided to enlarge its activities in Europe and is looking to buy another company with similar activities and products
• Target companies should have good exposure in the European market and should demonstrate that they have high potential for growth