14 April 2011
Capita Symonds’ parent
company - The Capita Group plc (`Capita') -
has entered into a conditional agreement to acquire the health and
government divisions of Tribal Group Plc (`Tribal') for a cash
consideration of £15.8 million on a cash-free, debt free basis,
including a deferred consideration of up to £2.5 million. The
acquisition adds key new capabilities to Capita's health and
consulting businesses. The acquisition is conditional upon the
approval of Tribal shareholders.
Tribal's health division includes expertise in clinical coding,
health informatics and support for the establishment of
commissioning consortia. Tribal's government division includes
support for environmental, home and foreign policy, and consultancy
services for public housing, agribusiness and devolved
Tribal's health and government divisions made a pro forma
operating loss of £ 0.9 million on turnover of £71.5 million in the
year to 31 December 2010.
The acquisition adds further depth and breadth of expertise to
Capita's existing services, both for the health market and the
wider public sector. Capita's services include running the NHS
Choices programme, occupational health and medical screening,
health informatics and the administration of both the Information
Standard for healthcare information and the payment of National
Health Service patient fees to dentists on behalf of NHS
...Our aim is to offer a comprehensive menu of services that cover the full range of functions that GP commissioners will be required to fulfil...
As part of this wider offering Capita Symonds provides a range
of services to the health market and wider public sector covering
design, business transformation, estates strategy and
rationalisation, and facilities management.
Commenting on the deal, Paul Pindar, Capita Chief Executive
Officer, said: 'The government consulting acquisition will
strengthen our proposition for service delivery and technical
support across central and local government, including policing,
justice and housing. In addition, Tribal's health expertise fits
with our strategic goal to provide support services to GP
commissioning consortia. This will allow us to supplement our
propositions in patient engagement, HR, payroll, finance, IT and
estates services with more direct commissioning support services
like invoice validation, health needs assessment and risk
stratification. Our aim is to offer a comprehensive menu of
services that cover the full range of functions that GP
commissioners will be required to fulfil.'
Tribal's health and government divisions have around 340 staff,
primarily in London, Belfast and Dublin.