Healthcare, technology and services company, Clanwilliam Group has acquired Irish software firm Claimsuite Sláinte in a deal believed to be worth €12m.
The Dublin-based Clanwilliam Group has struck a deal with Sláinte Healthcare that will see it assume control of Claimsuite which was developed by Sláinte to assist hospitals claim payments from insurers.
Claimsure’s software applications are in use in over 50 hospitals in Ireland with customers including the HSE and private hospitals.
The deal will see Claimsure’s existing 29 employees transfer with the company to the Clanwilliam Group while Sláinte Healthcare and Claimsure founder, Andrew Murphy will also remain involved.
“Clanwilliam is in many ways the perfect home for Claimsure Sláinte Ireland,” Clanwilliam chief executive, Howard Beggs said. “Our priority is finding businesses we can partner with, and Claimsure can now draw on the resources and expertise of the wider Group.”
“Collaboration with the existing Claimsure team will be fundamental — they are the ones that have driven growth to date and created a thriving business.”
Claimsure’s software handles about €1.8bn worth of health insurance claims in Ireland annually.
The deal will allow Sláinte Healthcare to concentrate its resources on Vitro, an electronic platform for electronic health records, detainee case management and civil registration. Vitro is used in over 130 facilities worldwide. The deal came about as Sláinte was evaluating Claimsure’s position within the company, according to Mr Murphy.
“Following a strategic review of our business earlier this year, we came to the conclusion that our Claimsure business unit and our Vitro units have different characteristics. We put plans in place to separate the businesses with a view to running them independently.
“As we were working through this plan, we had an approach from Clanwilliam, the output of which is the deal we are announcing today.”
The acquisition of Claimsure will swell the workforce at Clanwilliam, which is part of Eli Global’s portfolio of businesses, to more than 200.
Headquartered in Sandyford, Co Dublin, Sláinte Healthcare employs more than 145 people in its offices, including those in Australia, South America, the UK and Ireland.
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