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AIM float to value EMIS at £200m
Wed, 08 Feb, 2012
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AIM float to value EMIS at £200m
Mon, 15 Feb 2010, 08:48:00
<b>EMIS</b>, which supplies healthcare software and related services to GPs, today announced its intention to raise £50m on AIM. The group said it expects to have a post-float market capitalisation of about £200m. Yorkshire-based EMIS, which employs over 780 people, has a leading position in the UK with around 34m patient records held on its platform, representing 52% of all GP practices. In 2009, it generated an operating profit of £15.8 million on turnover of £58 million. 'A flotation on AIM will position EMIS to take advantage of growth opportunities, broaden our shareholder base and further incentivise management,' said chief executive Sean Riddell. Evolution Securities Limited is acting as Nominated Adviser and broker to EMIS.
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