ECI Partners had sold off its healthcare IT portfolio company CliniSys to Montagu Private Equity. The UK based private equity firm said that the sale netted a return worth two and a half times its original investment.
Clinisys has offices in Belgium, France, Germany and Spain but its home base is in Chertsey, UK. It is the market leader in providing software solutions to clinical laboratories throughout Europe. The systems provided by Clinisys helps in providing timely and accurate test results to its clientele. Overall, the system is available in 2,000 laboratories having 22,000 users in 34 different countries.
According to Clinisys CEO Fiona Pearson, "ECI has been an incredibly supportive partner for us, helping us to nurture sustainable growth and to significantly expand our international business, which now generates over half of our total revenues."
She added, "We have a strong market position in Europe but there are still significant opportunities for us to expand further into new territories, and consolidate our position as a leading provider of laboratory information technology."
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