29/03/2010 The London Stock Exchange welcomes EMIS Group plc to AIM
EMIS Group plc (“EMIS” or “the Company”), the UK’s leading supplier of healthcare software and related services to GPs, has successfully placed shares to the value of £50 million in connection with its flotation on AIM.
Yorkshire-based EMIS, which employs over 780 people, was established in 1987 following initial work by two doctors who identified a growing need to computerise the cradle-to-grave patient records then kept on paper at GPs’ surgeries.
The Group is now the leading provider of clinical software systems to GP practices in the UK, with approximately 39 million patient records in the UK held on EMIS’ software.
Commenting on the admission to AIM, Sean Riddell, Chief Executive of the Group, said:
“We are delighted with the positive response we have received from institutions to the placing and that investors share our enthusiasm for the growth potential of the Group. EMIS’ admission to AIM marks the beginning of a transformational new phase in the Company’s development and provides us with a platform from which to build on our leading market position. We look forward to reporting on progress and delivering value to shareholders.”
Evolution Securities is acting as the Nominated Adviser to EMIS.