Transformational acquisition of UK PAS company by Australian specialist

Deal Flash

Alcidion Group Limited (ASX:ALC) has acquired Silverlink PCS Software Limited (Silverlink), one of the largest and last remaining specialist patient administration system (PAS) providers servicing the UK National Health Service (NHS).

This expands Alcidion’s overall product offering, which when combined with the company’s Miya Precision clinical platform, it can provide a strategic pathway to developing a cloud-native, modern and modular electronic patient record (EPR) solution.

This is the second acquisition Oaklins has advised Alcidion on over the past 18 months. It has played a key role in the successful completion of both transactions. Oaklins consistently provided professional and commercial advice over the course of the transaction, which enabled us to navigate any deal issues that arose. Oaklins and its experienced team continue to show a deep understanding of the industry and remain a key strategic advisor to our company. KATE QUIRKE, GROUP MANAGING DIRECTOR, ALCIDION GROUP LIMITED, AUSTRALIA

Oaklins played a key role in facilitating this deal

Oaklins’ team in Australia acted as the buy-side advisor to Alcidion, supporting the board and senior management throughout the process. Concurrent with the acquisition, Oaklins also acted as joint lead manager and underwriter to the related US$43.4 million capital raise, which comprised an approximately US$23.4 million placement and underwritten US$20 million entitlement offer.

Read more about the transaction, market trends, deal drivers and M&A valuation aspects