Sage acquires US software business
Biggest purchase yet for Newcastle software giant
Newcastle-based accounting software group Sage has made its largest
acquisition to date buying the health software unit, Emdeon Practice Services,
for £297m from its parent company, Emdeon Corporation.
Emdeon Practice Services sells practice management and patient data software
to doctors’ practices in the United States and had revenues of $304.5m (£160m)
last year.
Commenting on the purchase, Sage chief Executive Paul Walker said: ‘Acquiring
Emdeon Practice Services enables Sage to market its products and services to a
substantial new community of small and medium-sized businesses in the US.’
‘It meets all the usual criteria that we look for in an acquisition,’ he
added