Clanwilliam, а healthcare technology group based in Ireland, acquired Dictate IT, a local provider of digital dictation, outsourced transcription, and speech recognition services to 27 healthcare providers in the UK and Ireland. The seller was advised by SORTIS’ UK partner in the Globalscope M&A Advisors network Silverpeak, who focuses on financial advisory to innovative technology companies. According to the press release, financial terms of the deal were not announced.
Dictate IT is engaged in facilitating the large volume of administration and information handling associated with healthcare management. The company provides advanced technology-enabled solutions for digital dictation, medical transcription and speech recognition. Going under the umbrella of Clanwilliam, a rapidly expanding health investor, will help Dictate IT expand company’s reach, make further investments in its solution and realize all the benefits of partnering with other companies in the Group to strengthen its market position.
Clanwilliam is a leading global healthcare technology group that provides products and services used in hospital care, care homes, pharmaceutical manufacturing, general practice and medical consulting. The company has 17 business units with 1,200 employees across the UK, Ireland, New Zealand, Australia, and India.
Dictate IT’s financial advisor Silverpeak has completed more than 300 deals in the Internet & digital media, enterprise software & SaaS, business services, enabling technologies, fintech and health tech sectors. Commenting on the deal, Paddy MccGwire, Managing Partner at Silverpeak, said: “This is another successful health tech company sale to a strategic acquirer having followed a twin track private equity and strategic process. The sale to Clanwilliam Group provides the opportunity for Dictate IT to accelerate its growth trajectory in an entrepreneurial culture. The simultaneous sale of its Indian associate company added complexity to this multi-jurisdiction transaction.”