Business
Please quote reference number B08095.
Established in the 2000s, the company specialises in an array of medical monitoring solutions within sterile services and endoscopy departments within the healthcare sector, using cutting edge cloud-based systems and cloud data storage.
The company offers a range of innovative products and services for sterile services environments, including its cloud-based data logging and visualisation software, medical gas monitoring system, and sterilizer safety detection system, alongside comprehensive monitoring, support, and data management services.
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The versatile data logger monitors various medical equipment such as washers, disinfectors, endoscope washers, laundry washers and sterilizers. The latest variant also performs the most advanced medical gas monitoring for endoscopy departments in the industry. Complementing this hardware, the company’s proprietary web-based data logging and visualisation software is used for logging and displaying this data.
Revenue is comprised of data management, hardware sales, machine monitoring, environmental monitoring, service contracts, and callouts and support. At present, ~1800 machines are monitored 24/7 across 395 sites.
The company has strong market differentiation, being the only UK company offering indefinite data storage solutions while taking full responsibility for the data. Unlike its competitors, the firm also offers a unified software package that can be seamlessly integrated across multiple hospital groups and all hospital departments, irrespective of the machine manufacturer.
Commanding an estimated 5-7% share of the UK market, the company serves a diverse range of loyal clients across the healthcare space including the NHS, private hospitals, and medical equipment manufacturers.
The firm turned over £1,049,906 in 2024 with an adjusted EBITDA of £151,956 and has seen year-over-year revenue growth since 2021.
Highlights –
- Best-in-class proprietary software and technology that would require an estimated £2m+ investment to develop from scratch;
- Guaranteed returns year-over-year;
- Good customer service record with an impressive system uptime of 99.988% over the past six years;
- Strong market opportunity with an expanding private healthcare sector;
- Experienced, albeit lean, workforce with management experience;
- A home-run business, keeping overheads low;
- Excellent revenue visibility with all clients committed to a minimum one-year contract;
- An attractive bolt-on acquisition for medical equipment manufacturers, particularly those specialising in sterilization and surgical products.
Opportunities –
There are many promising growth avenues, e.g. via an expanding private healthcare sector, product improvements, international expansion, and accelerated growth through acquisition by a large medical equipment manufacturer.
Location
Online – cloud based business.
Premises
No premises.
Tenure
No premises.
Hours
Due to the nature of the business it operates all year round.
Staff
The business has a small team of highly experienced staff.
Financial Profile
Turnover IRO – £1m in 2024.
• 100% share capital.
• Interested parties will be required to sign an NDA.
