Thursday 21 May 2009

ACS raises £44m for acquisition spree

(By Anthony Miller – Thursday 21st May 2009 7:45am). Hot on the heels of her £15m bid for AIM-listed IT services firm, Business Systems Group (see UK healthcare IT consolidation continues apace), AIM-listed Advanced Computer Software CEO, Vim Murria, has just raised almost £44m in an 30p-per-share institutional placing. ACS’ shares closed yesterday at 35p.The placing raises ACS’ cash pile to £55m. Murria created ACS as a consolidation vehicle for the UK primary care IT sector and reckons there are around 100 players in the game. Clearly, some are already in her target sights!

And as a delightful post script, we’ve just heard that Vin won the top award in the Asian Women of Achievement Awards 2009 yesterday (see here) for her work setting up a foundation to support the education of children in India. The prestigious award was presented by HRH Prince Charles. We wish Vin many congratulations.

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