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Schofield Sweeney advises EMIS on acquisition

Schofield Sweeney has advised Leeds-based healthcare software provider EMIS Group on the purchase of Medical Imaging in a deal worth up to £9.5m.

Medical Imaging, a Worcester based diabetic eye screening company, provides screening services to more than 500,000 patients in England and has a growing presence in Ireland.

It is the latest acquisition for EMIS Group which supports its strategy of providing cross-organisational healthcare systems and further enhances its position in diabetic eye screening.

EMIS bought Digital Healthcare last year and said then that it saw opportunities to provide an end-to-end managed diabetic retinopathy screening service.

EMIS will pay £6.5m initially, which will come from the group’s existing bank facility. It will then pay a further £500,000 next December, with the potential for a further £2.5m based on performance targets for the 2015-16 financial year.

Martin SweeneySteven Millward and Caroline Thompson-Hayes from Schofield Sweeney’s corporate team advised the EMIS Group.