Outsourcing group Capita (LON:CPI) said it has acquired medical screening services provider Medicals Direct Holdings (MDG) for £13.2 million plus a performance related payment of up to £2 million.
MDG made a pro forma operating profit of £2.25 million on turnover of £18.6 million in the year to end-December 2011. It has around 180 employees across 6 offices.
MDG provides more than 150,000 medical screenings every year, primarily to the life and pensions sector, and the acquisition enables Capita to enter the home-based screening market.
Chief executive Paul Pindar said: “This investment works well with our existing portfolio of clinic and mobile unit screening services, aligns our health proposition with Capita's existing life and pensions business and adds important new capability to large scale contracts we may be targeting in the wider private and public sectors."