Induction Healthcare - Acquisition of Horizon Strategic Partners Limited
("Induction", the "Company" or the "Group")
Horizon owns MicroGuide - a revenue-generating app providing medical organisations with functionality to create, edit, and publish their own local medical guidelines ("Guidelines") in a secure and locally administrated environment. These guidelines can be accessed by clinicians, at the point of care, either on a mobile device or an intranet.
Since its launch in 2013, MicroGuide has grown to be the 'go-to' source for guidance on antimicrobial use and the most used guidelines app in the
For the year ended
Under the terms of the acquisition, the Group will purchase Horizon for a total consideration of up to
"MicroGuide brings to the Group a further substantial
"Both companies share a vision of providing mobile solutions to the healthcare community. The combined platform will broaden access to medical information giving clinicians the latest information where and when they need it, empowering them to deliver more effective and improved patient outcomes.
The transaction is also good news for our clients as being part of a larger Group will enable us to expand our MicroGuide services portfolio and provide the other products and services being developed by Induction."
via FTI Consulting
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The Group initially targeted improving the way healthcare professionals communicated with each other through its Induction Switch app that provides a telephone directory (allowing healthcare professionals to easily find extension telephone numbers), messaging and an administration portal (to share and view hospital guidelines), all in a secure and regulatory compliant setting.
MicroGuide is the world's number one medical guidelines application. It is used in 130 medical organisations and has over 140,000 users in 173 countries around the world. With 750 content editors, MicroGuide's 50 different types of locally administered guidance range from antimicrobial to wound formulary and emergency medicines to oncology and pain management. In
This information is provided by RNS, the news service of the
Quick facts: Induction Healthcare Group PLC
Market Cap: £46.26 m
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