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Elysian Capital I LP Acquisition (with Management) of Wellbeing Software Group

4th February 2014

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Elysian Capital I LP has acquired Wellbeing Software Group, in conjunction with the company’s management, Craig Smith (CEO), Chris Yeowart and Steve Avery. Wellbeing Software Group Limited is a market leading healthcare IT group focused on the provision of software solutions and services to hospitals throughout the UK.

The group is formed of three distinct business units; HSS, EuroKing and Apollo, of which HSS is the largest.

HSS, based in Mansfield, supplies radiology software (RIS) and has developed a leading market position over 25 years.   HSS recently completed an unprecedented delivery programme in the NHS, deploying radiology information services to 59 individual hospital trusts, in conjunction with CSC’s retiring LSP PACS/RIS contracts in the NWWM and South.

EuroKing, based in Chertsey, is a market leading supplier of hospital maternity systems.  EuroKing has recently introduced CTG monitoring to its portfolio and continues to develop its core product to enhance the provision of woman centric maternity care.

Apollo, based in Sunderland, provides a primary care data extraction service and has software installed across c.85% of UK GP systems, which enables it to meet the requirements of a wide variety of national and local clinical audits.

Craig Smith, CEO of Wellbeing Software Group Ltd said, “We are very pleased to have concluded this acquisition with Elysian Capital, who share our vision for the future growth and development of our suite of market leading businesses. Wellbeing and its software products provide a critical service to support the delivery of healthcare in the UK.  We believe that, with the help of Elysian Capital, we can expand the range of products we offer and improve the services we provide to our customers.”

Edward Brett, Partner at Elysian Capital said “We are delighted to be working with Craig and his team at Wellbeing Software.  Wellbeing is a market leader in the software products it supplies which in turn are crucial to the efficient operation of significant elements of the UK health service. There is room for substantial growth across all three business areas and our focus is on supporting the management team to invest in their products, develop enhanced functionality and so further support the company’s customers in providing a first rate healthcare service”.

Craig Smith added, “We would like to thank our staff and customers for their support throughout the recent transition. It’s very much a case of business as usual, with both the commitment and resources to develop our businesses and offerings in accordance with the continually evolving needs of UK healthcare. As a marketing leading SME, our aim is to continue to assist in driving economic and clinical efficiencies – through innovation – to create benefits within the healthcare system for patients and staff.”

For further information, please contact
Chris Yeowart, Director, Wellbeing Software Group Ltd
chris.yeowart@wellbeingsoftware.com