Symphony Technology Group (STG), a private equity firm that invests in software and information technology companies, is buying several of the European healthcare technology operations of McKesson Corporation (McKesson). These operations include the UK Health and Social Care business, including System C and Liquidlogic, as well as McKesson's software operations in France and the Netherlands.
STG's current healthcare portfolio includes Symphony Health Solutions, a leading provider of data, analytics and software tools for healthcare and life sciences companies and Evidera, an international health research and consulting company.
Each of the McKesson businesses is an established supplier in its respective local market, it says providing strategic information technology systems that manage the flow of information between departments and organizations.
STG intends to operate the acquired businesses as independent companies and support the continued expansion of each business's solution sets both by creating new products and through selective acquisitions. It will leverage, where appropriate, insights and capabilities from other STG portfolio companies serving the healthcare market, it says.