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Bridgepoint's CAS Services acquires Clinical Solutions of the US
10 April 2006
CAS Services Ltd., a UK-based world leading supplier of access management and clinical decision support applications for the healthcare market, today announced its acquisition of the US-based developer of clinical content, Clinical Solutions LLC (CSL) for an undisclosed amount.
The acquisition brings together the firm behind the UK's NHS Direct and a leading developer of automated clinical tools including the Teleguide Algorithms™, which are used throughout the world by clinicians in call centres, walk-in clinics and emergency services. The development team of CSL will join CAS as part of this transaction.
"This deal solidifies a long-standing relationship between CAS and Clinical Solutions. They have been instrumental in the success of our decision support solutions deployed throughout the UK to NHS Direct in England and Wales, NHS 24 in Scotland and the national Walk In Centres", said Robert Thompson, Chief Executive Officer of CAS. "The clinical product portfolio that Clinical Solutions brings to CAS will be pivotal to our expansion into new markets both in the UK and internationally", continued Mr. Thompson.
CAS Services has provided telephony and face-to-face solutions to the NHS in the UK, the world's largest healthcare provider. It will use Clinical Solutions' nurse triage content and other products to continue creating innovative healthcare access solutions for use in both call centre and face-to-face environments. CAS Services will continue to evolve its products to meet the growing needs of healthcare providers around the world. The CAS system is a highly scaleable and flexible platform that is adaptable to a growing number of healthcare services around the world, from GP surgeries to national healthcare access projects.
Pagemill Partners, based in Palo Alto, California, served as a financial advisor to Clinical Solutions in this transaction. KPMG (Financial DD) and Weil Gotshal (legal) advised CAS. Orrik (legal) advised the vendors.
CAS was acquired in March 2005 by an international consortium of institutional investors comprising of Allco Finance Group, Bridgepoint and Benchmark Capital.
Clinical Solutions is based in Menlo Park, California. Founded in 1997 by Dennis McShane, MD, Harry Harrington and Glenn Laffel, MD, PhD., it provides automated clinical content products to customers in Europe, Australia, the United States and Africa. As a result of large-scale deployments in these regions, its Teleguide Algorithms™ have become the most widely used nurse triage content product in the world.
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