M&A Deal Summary

Civica Acquires Momentum Healthware

On May 10, 2022, Civica acquired information technology company Momentum Healthware

Acquisition Highlights
  • This is Civica’s 7th transaction in the Information Technology sector.
  • This is Civica’s 1st transaction in Canada.
  • This is Civica’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2022-05-10
Target Momentum Healthware
Sector Information Technology
Buyer(s) Civica
Deal Type Add-on Acquisition

Target

Momentum Healthware

Winnipeg, Manitoba, Canada
Momentum Healthware specializes in the development, delivery, integration, and support of information technology software for the healthcare industry. The company's solutions serve the information systems requirements of small to medium-sized hospitals, long-term care facilities, and the home care sector. Its healthcare solutions include RTLS In Motion, Assessment Management System (both standardized assessments and interRAI assessments), Convergence Platform (a comprehensive software platform that puts all healthcare resources and patient information in one easy-to-use program). Momentum Healthware was formed in 1995 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Civica

London, United Kingdom
Category Company
Founded 2002
Sector Software
Employees3,700
DESCRIPTION

Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom.

DEAL STATS #
Overall 17 of 17
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 16 of 16
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 InfoFlex

Hertfordshire, United Kingdom

Flex Software Ltd. provides a market-leading cloud enabled application with trust-wide and cross-organisation capabilities. Flex Software was founded in 1996 and is based in Hertfordshire, United Kingdom.

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