Leading supplier of clinical laboratory information management systems (LIMS)

In July 2013 Montagu Private Equity completed the acquisition of CliniSys, in partnership with its management team, from ECI.

CliniSys, headquartered in Surrey, UK, is the market leading supplier in Europe of clinical laboratory information management systems. The company provides specialist IT systems to clinical laboratories enabling them to provide fast and reliable diagnostics services to the healthcare industry. CliniSys systems are deployed in 9 languages in over 2,000 laboratories with more than 22,000 users across 34 countries.

CliniSys’ growth prospects are underpinned by the rising volume and complexity of diagnostic tests carried out at laboratories, which currently account for over 70% of medical diagnostic decisions across the public and private healthcare sectors. Robust and scalable IT systems are increasingly important for the consolidating European clinical laboratories industry. The Company’s systems are mission critical components, helping their customers to achieve their service re-configuration, process optimisation and interoperability goals that are central to improving the cost effectiveness and quality of patient care.

Montagu was attracted by CliniSys’ strong products, its leading position in the evolving laboratory market, and its long standing customer relationships which support high levels of recurring revenue and cashflows. The Company was led by a motivated and experienced team. Montagu supported the incumbent management team driving strong organic growth in the business. Continued investment in R&D and growth in the Company’s delivery capabilities have enabled CliniSys to benefit from the increasing software demands in the consolidating laboratory market across Europe. Montagu also supported the acquisition and integration of the leading German LIS provider, MCS, in 2015, which significantly expanded the Group’s position in the German market and cemented CliniSys’ leading position across the European laboratory information systems market. During Montagu’s ownership, CliniSys grew EBITDA by approximately 40% and the number of employees increased by the same percentage.

In January 2016, Montagu completed the sale of CliniSys to Roper Technologies, a diversified technology group based in Florida, US.

Deal details

Deal type: Management Buyout Investment Year: 2013 Country: United Kingdom Status: Realised Value: Undisclosed Industry Sector: Healthcare