FinTechFunding

Alcidion: Raises $55m & acquire Silverlink

Alcidion Raises $55m & acquire Silverlink

  • Alcidion (ALC) has announced plans to raise $55 million and buy patient software specialists, Silverlink PCS Software
  • The ASX-lister will pay £30 million (A$55.5 million) for the Patient Administration System (PAS) providers, which services the UK NHS market
  • ALC explains the acquisition will take its market share within the NHS to around 26 per cent, as Silverlink looks after 38 NHS trusts
  • The healthcare technology business has received commitments to raise $30 million via a placement, with another $25 million to be raised via and entitlement offer
  • The company places its shares in a trading halt ahead of the fundraise and acquisition news, with ALC securities last trading at 32 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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