LONDON (dpa-AFX) - Capita Plc (CPI.L), a UK-based provider of BPO and integrated professional support service solutions, on Monday said it has acquired Medicals Direct Holdings Limited. The deal price is 13.2 million pounds on a cash free-debt free basis, and a deferred consideration, linked to profit performance, of up to 2 million pounds.
Medicals Direct, which provides medical screening services generated a pro forma operating profit of 2.25 million pounds on turnover of 18.6 million pounds for the fiscal year 2011. The firm has around 180 employees across 6 offices and provides more than 150,000 medical screenings every year, primarily to the life and pensions sector.
Commenting on the deal, Capita Chief Executive Paul Pindar said, 'The acquisition adds new capabilities to Capita by, for example, allowing Capita to enter the home-based screening market. This investment works well with our existing portfolio of clinic and mobile unit screening services, aligns our health proposition with Capita's existing life and pensions business and adds important new capability to large scale contracts we may be targeting in the wider private and public sectors.'
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