Transformative acquisition of MKM Health announced

We are very pleased to announce that the shareholders of MKM Health have entered into a binding agreement for the acquisition of MKM Health by health informatics software company Alcidion Group. The acquisition of MKM Health will create a market-leading specialist IT Company focused on next-generation decision intelligence technology for the hospital setting.

The acquisition will see MKM Chief Executive Officer Kate Quirke appointed as CEO of Alcidion Group. MKM Health's products are highly complementary with Alcidion’s software suite, and the acquisition creates valuable synergistic and upscaling opportunities for both companies.

For now, it is business as usual, and no changes for our valued customers. The transaction is subject to an Alcidion shareholder vote at an Extraordinary General Meeting expected to take place in late May. Completion of the acquisition is expected on 29th June.

The combined Alcidion Group portfolio of Healthcare software and services will consist of three product platforms: MKM Health's Patientrack, and Alcidion's core software, Miya and SmartPage. MKM Health will also remain a dedicated healthcare services and solutions company with an emphasis on integration and data management.

To read more about the acquisition, read the ASX announcement by Alcidion Group 

 

For further information:

Kate Quirke

kquirke@mkmhealth.com.au

+61 3 8060 6177