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Clanwilliam swoops again, buys NZ medtech company HealthLink

Clanwilliam swoops again, buys NZ medtech company HealthLink

UK-based medtech investor continues its buying spree, signals more is to come.

UK based Clanwilliam, which is building a global portfolio of health tech and service companies, has another Kiwi acquisition in its sights.

UK based Clanwilliam, which is building a global portfolio of health tech and service companies, has another Kiwi acquisition in its sights.

Auckland-based health systems integrator HealthLink has been added to Clanwilliam Group's fast-growing portfolio of medtech companies.

Clanwilliam, which acquired Kiwi pharmacy software developer Toniq in April, is backed by the American-based Eli Global - it owns healthcare technology and service businesses in Ireland, the UK and Australasia.

Clanwilliam plans to add at least one more Kiwi company to it's fast-growing portfolio by the end of the year, the The New Zealand Herald reported today.

The acquisition would provide HealthLink with access to new markets and marketing and sales opportunities, HealthLink chief executive Graham Stretch told the newspaper.

The sale price was not disclosed.

HealthLink's Communications platform for medical practices services 15,500 medical providers in New Zealand, Australia, the Pacific Islands and Canada.

It was founded in 1993 by Netway Communications, a subsidiary of Telecom, and Clearfield Systems, a predecessor of Orion Health, which sold its stake in 2013.

New Zealand mid-market investment company Waterman Capital picked up 50 per cent of the company that year.


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