Connecting to LinkedIn...


Capita acquires medical assessment and criminal justice support services firm,

Capita acquires medical assessment and criminal justice support services firm,

Reliance Secure Task Management

Capita plc announces that it has acquired Reliance Secure Task Management

Limited (RSTM') for &pound20 million on a cash free, debt free basis. This

comprises &pound9.7 million in purchase consideration and &pound5.85 million payable to

the vendor group in repayment of intra-group funding, with the balance being

cash required to fund committed capital expenditure, pension obligations and

working capital at completion.

RSTM provides forensic medical services, custody support and secure transport

services to clients including the UK Border Agency, the Ministry of Justice,

NHS trusts and police forces.

The current level of revenues, on an annualised basis, is &pound75 million.  RSTM

made a pro forma operating loss for the 11 months to 31 March 2012 of &pound5.7

million. On its integration into Capita the business will realise significant

synergy benefits and is expected to return to operating profit in 2013.

Capita Group joint chief operating officer, Andy Parker, said: "The acquisition

of RSTM will provide further scale and depth to the range of solutions we offer

the health and emergency services, criminal justice system and wider public and

private sector clients. It complements previous acquisitions, including SunGard

Public Sector, Beat Systems and CedarHR. It also has significant synergies with

our wide-ranging health and wellbeing business, which provides medical

assessments in the private and public sector, including those for the new

personal independence payments (PIP). We already work in some capacity with all

police forces in England and Scotland, extensively with NHS trusts and, through

our health and wellbeing business, with a number of large public and private

sector organisations. These additional capabilities will allow us to provide

new solutions, on a tailored basis, alongside our multi service offering."

RSTM has approximately 2,000 employees, primarily in Bristol, Heston and at

client sites.


Articles similar to

Articles similar to