Cambio Healthcare has acquired Cayder under plans to increase its NHS footprint, boost revenues and earnings and actively participate in the drive to accelerate the NHS agenda for paperless systems and digital transformation.
Cayder will be integrated into Cambio's UK business operation based in Reading with immediate effect.
'Cayder is a good fit and complementary business,' said Peter Gille, Group CEO of Cambio Healthcare in Sweden. 'We share a vision of improving patient care through innovative, cost effective technology and removing paper and inefficiency from the healthcare process.
'Cayder has healthy revenues, a strong pipeline, good technology, and talented people.' Gille adds. 'Its patient flow and clinical solutions complement our own Cosmic clinical products and fit perfectly with our UK strategy to deliver electronic patient records against the government's paperless targets and digital agenda.'
Cayder's strong market presence, reputation and product acceptance were key considerations. Stuart Rankin, Cayder's founder says, 'The acquisition fits both Cayder and Cambio's UK strategy and immediately creates a larger customer base and stronger UK market presence. As an SME, we faced increasing pressure with protracted NHS procurement cycles. Joining forces gives all of us the ability to grow exponentially and scale quickly with a sustainable business model.'
Gille adds, 'The investment is a welcome development for both sets of employees as it clearly demonstrates our commitment to the UK and Ireland market and to growing our global business.'
Cayder is one of the UK's main providers of solutions to manage the flow of patients through the care process and is in use with all of the major patient administration and EPR systems in the NHS. Its solution is highly regarded among users for its depth of functionality and ease of access.
This latest move follows the appointment last month of Adrian Stevens as Cambio's UK and Ireland CEO as the company looks to grow its UK business.
Stevens says, 'The UK's vision of region-wide, fully integrated healthcare is a reality in Sweden, and has been for some time. My goal is to transfer this technology, knowledge and capability to the NHS through a proven, effective delivery strategy,'.
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