Monday, July 27, 2020
Dedalus announces the acquisition of DXC Technology’s healthcare divisionPortfolio Insight
Three Hills Capital Partners (“THCP”) is pleased to communicate that its portfolio company, Dedalus, has signed a binding agreement to acquire DXC Technology’s healthcare software solutions division.
The acquisition will further strengthen Dedalus’ position as a leading European and Global IT healthcare software provider with a presence in over 40 countries, including leading positions in Italy, Germany, UK, France and Spain, and enable Dedalus to accelerate the digital transformation of the healthcare ecosystem through increased research and development capabilities.
The deal capitalises on the significant complementarity of the two companies that will allow Dedalus to expand its existing business, creating a group with more than 5,500 employees, revenues in excess of EUR 700 million and lead by the highly experienced team of Dedalus CEO, Andrea Fiumicelli and Chairman and Founder, Giorgio Moretti.
DXC Technology’s healthcare software division provides clinical healthcare software solutions for national and regional authorities, hospitals, diagnostic laboratories, general practitioners and outpatients. The business holds leading positions across the UK/Ireland, Australia, New Zealand and Spain, and also significant positions across Latin America, Asia, the Middle East and North America. It covers all aspects of clinical decision-making processes, improving the ability for collaboration of all healthcare stakeholders in the care of patients.
THCP continues to support Giorgio Moretti in leading the extraordinary growth strategy for the Group.
Andrea Fiumicelli, CEO of Dedalus Group, commented: “This acquisition allows us to make significant strides in becoming a true global player. I am pleased to see the two companies sharing a common goal of catalysing the digital transformation of the global healthcare ecosystem. The healthcare industry is currently evolving significantly, and we look to tap into these changes and support the sector with our expertise and systems.”
Giorgio Moretti, Chairman of Dedalus Group, added: “The integration of DXC’s healthcare software solutions activities into Dedalus Group will accelerate our support and impact on more than 3 million healthcare professionals who operate thanks to our technologies”.