Outsourcing giant Capita has acquired medical screening provider Medicals Direct Holdings (MDG) for £13.2 million.
Capita will pay a further £2 million for the firm, depending on its profit performance. The company provides more than 150,000 medical screenings every year, primarily to the life and pensions sector.
MDG made a pro forma operating profit of £2.25 million for the year ended 31 December 2011.
Capita chief executive Paul Pindar said: “The acquisition adds new capabilities to Capita by, for example, allowing Capita to enter the home-based screening market.
“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.”
MDG has around 180 employees across six offices.