Deal: Alcidion Group Limited (ASX: ALC) has acquired Silverlink PCS Software Limited, one of the largest and few remaining specialist Patient Administration System providers serving the UK NHS market, which will provide it with a core PAS capability, expanding its overall product offering and positioning Alcidion to become a cloud-native, modern, and modular Electronic Patient Record provider.

Value: $55.5 million, with a further $5.6m subject to earn-out conditions being met.

Area: Health care equipment and services.

Key players: The Holding Redlich team was led by partner William Khong.

Deal significance: Speaking about the acquisition, Mr Khong said: “Holding Redlich is very pleased to have helped Alcidion complete two major acquisitions in 2021 as it expands its footprint and services.

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“These acquisitions help set the company up for greater success as a leading provider of healthcare services, both in Australia and internationally.”