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Capita Group Plc (CPI:LSE), the provider of business process outsourcing solutions and professional support services, has announced the acquisition of Premier Medical Group Ltd (PMG) for a cash consideration of 60 million Pounds on a cash-free, debt-free basis. PMG is a leading provider of medical reporting and screening services across the UK.
The acquisition adds depth and breadth of expertise to Capita's existing services for the health market, which includes running the National Health Services Choices (NHS) programme, health informatics firm, CHKS, and the administration of the both the Information Standard for healthcare information and the payment of national health patient fees to dentists on behalf of NHS BSA.
PMG is forecasting an operating profit for its financial year to 31 December 2010 of 8 million Pounds on turnover of 51.2 million Pounds.
Commenting on the deal, Paul Pindar, Chief Executive of Capita Group, said "this acquisition will add important new expertise to Capita's range of health services, enabling us to provide of a full suite of medical reporting and screening services. The deal also further demonstrates Capita's commitment to, and investment in, the health sector."
PMG has around 285 staff in offices in Ludlow, Lincoln, Pangbourne and London.