Regent Evolution advised Tern Capital regarding the add-on acquisition of Thomson Screening Solutions for its portfolio company CCube Solutions.
Healthcare electronic document management system (EDMS) provider CCube Solutions has acquired Thomson Screening Solutions, supplier of child health clinical applications, used by over 40 NHS, healthcare and education providers.
Thomson Screening is the leading provider of software that enables non-clinicians to deliver vision and hearing screening in schools and workplaces. The Thomson Screening Solutions platform is designed to support the efficient delivery of vision and hearing screening, along with supporting health needs, electronic consent, mass immunisation management, and risk assessments.
Karthik Dasari, Founder of Tern Capital, commented: “We are excited to be supporting TSS on their growth journey. Their market-leading services and software have already delivered significant benefits to millions of children. At Tern, we work very closely with businesses, providing them with investment and a structured value-creation plan covering sales effectiveness, operational excellence, talent growth and finance disciplines. We look forward to supporting the combined TSS and CCube businesses on its growth journey.”
Alistair Eaton, CEO of CCube commented: “We are thrilled to welcome TSS into the CCube family. This acquisition aligns perfectly with our mission to provide innovative Software-as-a-Service solutions that enhance the quality of care and operational efficiency for healthcare providers. The acquisition will bring significant benefits to both companies’ stakeholders, including enhanced research and development capabilities, expanded market reach, and a stronger overall service capability. The combined expertise of both companies will drive further innovation and growth in the healthcare technology sector.”
Michael Ter-Berg CEO of Thomson Screening commented: “Having led TSS since 2012, I am excited about the next stage of our journey with CCube and Tern. We have chosen Tern as our investment partner because of their deep operational experience and hands-on philosophy. The team at Tern shares our values and commitment to excellence. The combined resources of both companies will significantly enhance TSS’ capabilities as our clients seek digital solutions to improve Child Health and Education outcomes.”
Dolf Campman, Partner at Regent Evolution commented: “It was a pleasure working with Karthik Dasari and his colleagues to bring this acquisition to a successful conclusion. Having known key people in both organisations for some time gave us an early insight into the potential benefits of bringing them together. We are delighted to have completed yet another transaction in the healthcare software industry which has become an important sector for Regent Evolution’s Corporate Finance business.”