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Emis - Buys retinopathy screening business

September 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EMIS
  • Price:
  • 720p
EMIS has acquired Digital Healthcare, a provider of diabetic retinopathy screening solutions with a 75% market share. Diabetic retinopathy is the most common cause of blindness and Digital has deployed its systems on over 60 programmes  in the UK. The acquisition provides EMIS with a strong position in a profitable niche market adjacent to its core presence in GP and pharmacy systems. The purchase price, net of cash, is £3.1m - a tad under 1x sales of £3.4m last year.   Separately, speaking to a neighbor who works in the industry, it seems that EMIS may be seeing a competitive onslaught for its core GP systems from an aggressive rival TPP. This seems to be confirmed by a report on the eHealthInsider newswire, whic ...

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