PE backed healthcare software provider sells off laboratory business

Private Equity backed Agilio Software has sold its laboratory business, Isopharm Laboratories, to Eurofins.

Sheffield-based Agilio Software is a frontline healthcare operations software provider. It is supported by strategic growth investment from Five Arrows, the alternative assets arm of Rothschild & Co, and TA Associates, a private equity firm.

Eurofins is a listed global group of laboratories providing food, environment, pharmaceutical and cosmetic product testing and pharmacology, forensics, advanced material sciences and agroscience contract research services.

Isopharm Laboratories provides water testing, ensuring decontamination and infection control in both hospital and domestic environments. It delivers testing services to sterile service departments, including endoscopy, theatres, and domestic settings.

This acquisition is designed to strengthen Eurofins’ UK presence in water hygiene testing by incorporating specialist healthcare testing into its extensive portfolio.

Bishopsgate Corporate Finance supported the shareholders of Agilio Software in the deal.

Paul Ward, managing director (Hospital) at Agilio Software, said: “Agilio is a leading provider of SaaS platforms to the Healthcare industry.

“We gained the laboratory business as part of an acquisition, and the time was right to find a new home after six years of development into a market leading UKAS accredited service to the Hospital decontamination sector.

“We are sure the laboratory will continue its success as part of the Eurofins group of laboratories, safe in the hands of a market leading test provider.

“I’d like to express my thanks to Ed and the team at Bishopsgate for their assistance and support throughout the transaction, building a professional end-to-end relationship with all parties.”

Ed Wesson, partner at Bishopsgate Corporate Finance, added: “It has been a pleasure working with the team at Agilio on the divestment of Isopharm.

“The transaction provides a great home for the Isopharm laboratories business, its customers and employees and Bishopsgate are thrilled with the outcome.”

Click here to sign up to receive our new South West business news...