Yesterday, CompuGroup Medical Italia SpA, a 100 % subsidiary of CompuGroup Medical AG, signed an agreement to acquire a majority stake in Studiofarma S.r.l. located in Brescia and Qualità in Farmacia S.r.l. located in Novara.
Studiofarma S.r.l. develops software solutions for pharmacies in Italy and has over 7,000 customers. With a total market share of approximately 30 % in its core market, it is the pharmacy software market leader in Italy. Qualità in Farmacia S.r.l., with its approximately 2,000 customers, is the largest distributor for Studiofarma's software. In addition to this, they also offer hardware and additional elements.
The total revenue for the combined operations was roughly 17 million Euros in 2012 with an EBITDA of approximately 1 million Euros. The initial stake will be 79 % in Studiofarma S.r.l. and 95 % in Qualità in Farmacia S.r.l. The closing of the transaction is scheduled for July 19th.
With this acquisition, CompuGroup Medical further strengthens its position in the Italian healthcare market and consequently expands its portfolio of strategically important services for a better networking of all healthcare actors. With its software solutions Profim, FPF, Infantia, Phronesis, Venere, CCBASIC, Smile and Ciclope, it serves 23,000 general practitioners, pediatricians, dentists as well as specialists.
About CompuGroup Medical AG
CompuGroup Medical is one of the leading eHealth companies worldwide. Its software products are designed to support medical and organizational activities in doctors' offices, pharmacies and hospitals, its information services for all those involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. The foundation of CompuGroup Medical's achievements is essentially the unique customer base consisting of approximately 385,000 physicians, dentists, hospitals, pharmacies and the corresponding networks of service providers. With local offices in 19 countries and customers in 34 countries worldwide, CompuGroup Medical is the eHealth company with one of the largest ranges among service providers. About 3,600 highly qualified employees represent sustainable solutions for the increasing demands in health care.
About CompuGroup Medical Italia
CompuGroup Medical Italia S.p.A. (CGM Italia) is a 100 % subsidiary of CompuGroup Medical AG, one of the leading eHealth companies worldwide. With its software solutions Profim, FPF, Infantia, Phronesis, Venere, CCBASIC, Smile and Ciclope it serves general practitioners, pediatricians, dentists as well as specialists. Over the past six years (2006-2012), CGM Italia has grown from 6,000 to 23,000 doctor customers indicating an average annual growth of about 30 %. Today, CGM Italia is a leader in the industry with 44 % share of the Italian primary care market. CompuGroup Medical Italia allows physicians to network and integrate with the information systems of health care companies and various regional e-health projects. CGM Italia also plays a part in providing regional information systems with its involvement in two regional systems, MEDIR in Sardinia and SIST in Puglia.
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Koblenz - July 9th, 2013: CompuGroup Medical Italia SpA signed an agreement on July 8th to acquire a majority stake in Studiofarma S.r.l. located in Brescia (Italy) and its largest sales partner, Qualità in Farmacia S.r.l. located in Novara (Italy). With this acquisition, CGM strengthens its position as a market leader in the Italian eHealth-market. In addition to 23,000 physician customers in Italy, the company will also acquire 7,000 new Italian pharmacy customers.