AAC’s portfolio company Corilus announces the acquisition of two add-on investments to its Belgian medical software platform, PC Sol and MediBridge. PC Sol is an independent supplier of General Practitioner software in the Walloon region of Belgium with c. 850 General Practitioners using its software. MediBridge offers electronic messaging and data exchange services to healthcare providers in the first and second line, enabling them to communicate digitally with each other. MediBridge is serving c. 9.500 healthcare users in Belgium, with a focus on the Walloon region.
AAC acquired Corilus in March 2015 with the intention to further strengthen its market position in Belgium by organic growth and through selective add-on acquisitions. With the acquisition of PC Sol and Medibridge, Corilus strengthens both its presence in the Walloon region and in the strategically important e-health sector.
Leader in connected healthcare
As the importance of the first line healthcare is increasing rapidly, due to aging population and more patient empowerment, governments are focusing on increasing cooperation of the various medical actors, both within the first line and with the second line. Corilus is ideally positioned to leverage on this trend of connected healthcare providers. Corilus operates with a highly skilled and motivated team of 350 employees, daily serving more than 50.000 customers in Belgium, the Netherlands and France.
Partnership with AAC
Dirk Van Lerberghe, CEO of Corilus, commented: “PC Sol and MediBridge are strategically important additions to our leading Belgian medical software platform. We have been working on these acquisitions in close cooperation with AAC and they have supported us along the way to turn our longstanding contacts with the vendors into a successful completion of both transactions“.
The coming years, management and AAC will focus on further strengthening the company’s market position in its target markets Belgium, the Netherlands and France.
About Corilus: Corilus develops and sells software and ICT services and solutions which improve patient care and enable cost- and workflow efficiency for first line healthcare professionals and institutions. Corilus is a provider of software solutions, eHealth services and total ICT solutions to the healthcare sector in Belgium, the Netherlands and France. For further information, please visit www.corilus.be
About AAC: AAC is a private equity firm investing in sector-leading companies headquartered in the Benelux. As a growth-focused investor, we partner with management to support businesses in delivering long-term autonomous and acquisitive growth. For further information, please visit www.aaccapital.com
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