VitalHub to Acquire Induction Healthcare for £9.7 Million
Deal News | Apr 10, 2025 | Globenewswire
VitalHub Corp. has announced a recommended cash acquisition of Induction Healthcare Group PLC for £9.7 million, conducted via a court-sanctioned scheme of arrangement. The acquisition reflects VitalHub's strategic interest in Induction’s software solutions, particularly the Zesty platform aimed at enhancing patient care and operational efficiency. Upon successful completion of the acquisition, VitalHub aims to integrate Induction’s offerings to bolster its presence in the UK and expand into other key regions. Induction’s flagship products, Zesty and Attend Anywhere, are already widely adopted across healthcare providers in England and offer strong growth potential. VitalHub, with a robust growth strategy, views this acquisition as an opportunity to advance its global footprint and consolidate its market position. The deal requires approval from Induction's shareholders and a court sanctioning, with expected closure by July 2025.
Sectors
- Healthcare Technology
- Software and Services
Geography
- United Kingdom – Induction Healthcare Group PLC is primarily based in the UK, with its software solutions widely implemented across various NHS Trusts.
- Canada – VitalHub is headquartered in Toronto, Canada, marking its base of operations and regulatory jurisdiction.
Industry
- Healthcare Technology – The article discusses companies that provide software solutions designed to transform patient care and delivery systems, indicative of the healthcare technology sector.
- Software and Services – Both VitalHub and Induction offer software solutions and services focused on healthcare administration and patient interaction, underlining their classification within the software and services industry.
Financials
- £9.7 million – The total valuation of Induction Healthcare Group PLC for this acquisition.
- £14.4 million – Revenue generated by Induction Healthcare for the year ended March 31, 2024.
- £0.3 million – Adjusted EBITDA loss for Induction Healthcare for the year ended March 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VitalHub Corp. | Acquiring Company | Company | A software company providing solutions for health and human services, expanding through robust growth and acquisition strategies. |
| Induction Healthcare Group PLC | Target Company | Company | A UK-based healthcare software solutions provider, focusing on patient journey and care delivery improvements through applications like Zesty and Attend Anywhere. |
| Edwin Coe LLP | Legal Advisor to VitalHub | Company | Provides legal advisory services to VitalHub for the acquisition. |
| Cavendish Capital Markets Limited | Financial Advisor to VitalHub | Company | Offers financial advisory services to VitalHub regarding the acquisition. |