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Midlands advisers deliver digital healthcare transaction

5th February 2024

Midlands advisers deliver digital healthcare transaction

Higgs LLP’s Tech & High Growth team, and Headpoint Advisors, have each played a pivotal role in a deal to bring together two leading businesses in the healthcare data management arena.

Egress Group, which is supported by private equity firm FPE Capital, has acquired Stalis to provide complete, end-to-end data management services and solutions for the healthcare sector.

Partner Jamie Partington led on the deal for Higgs, supported by Richard Freeman. Laura Pearson and Sam Dell advised the shareholders of Stalis in the sale.

Jamie said: “We are delighted to have offered expert advice to shareholders, having worked with the company for a number of years.

“This is a significant deal which will allow the two companies to join forces to offer a unique proposition to the healthcare sector.

“Our Tech & High Growth team is building a great reputation for advising on venture, scale up and private equity transactions, and we have a number of other deals in the pipeline to kick-start what promises to be a busy year ahead.”

Stalis is best known as a leading supplier of data migration and data quality expertise, as well as archiving solutions in the sector.

Egress Group is renowned for system integration and interoperability expertise, as well as data migration solutions and services, across healthcare, the public and private sectors. 

Both companies have been involved in a number of recent NHS transformation programmes.

The two combining businesses share a vision to ensure the NHS has complete data confidence to enable safe and robust digital transformation of care delivery.

Mark Wilson, Henry Baker and Oliver Stephens of Headpoint Advisors provided corporate finance advice to the shareholders on the sale.

Kate Bryan, Managing Director at Stalis, said: "The guidance and support throughout the process from Higgs and Headpoint, and their experience in helping to structure and deliver a deal, has been invaluable to the shareholders, and they have been a pleasure to work with.”

Stalis will continue to operate under that name, with a complete focus on healthcare.

Rick Smyth and Christie Nelson at Wilkes LLP provided management advice. 

Higgs LLP’s Corporate team, ranked Tier 1 in the Legal 500, works closely with investment funds, founders and management teams, guiding them through investment rounds from start up, through to scale up and exit.

For more information, contact Jamie Partington on Jamie.Partington@higgsllp.co.uk or 01384 327 339.

 

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