Acquisition announced today of MedErgy HealthGroup Inc further strengthening healthcare and non UK revenue base
Also today, to part finance the acquisition, the Group is pleased to have announced the conditional placing to raise £2.8m (before expenses) at a placing price of 52.5p from new and existing institutional investors and certain directors of the Group
Mark Scott, Chief Executive, commented:
“2010 saw a strong performance, particularly in our research and consultancy operation. Our focus on the healthcare market and our increasingly global client base have resulted in robust profit growth. We plan to continue to internationalise our operating base in 2011 and strengthen our focus on our core client sectors. The acquisition of MedErgy, announced today, will accelerate this process.”
1Headline operating profit is defined as operating profit before restructuring costs, acquisition accounting adjustments, share option charges, impairment charges and amortisation.
2Like-for-like measures exclude discontinued operations and the impact of any reclassification of business between reporting segments.
3Headline earnings per share is defined in note 7.
Year end 2010 Prelim Statement