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02. October 2014, Koblenz / Amsterdam

CGM acquires Labelsoft and strengthens its market position in the Dutch market for primary care information systems

Koblenz / Amsterdam – October 2, 2014: CompuGroup Medical Holding Cooperatief UA (CGM NL), a 100 percent subsidiary of the global leading eHealth company CompuGroup Medical AG, concluded a transaction to acquire Labelsoft BV based in Zoetermeer/The Netherlands. With this acquisition, CompuGroup Medical has strengthened its position in the Dutch market for primary care software to more than 25 % of the market share with GPs, and 75 % of the market share with ambulatory extended care organizations (HAPs).

Labelsoft is a strong player on the Dutch software market for General Practitioners and the market leader in HAP market. A “HAP” is a regional cooperation between GPs taking care of first line care after normal business hours and during weekends. HAPs are usually located in or close to a hospital. The purchase price, which shall remain confidential as stipulated in the agreement between the two contractual parties, was paid in cash and financed through cash at hand and existing credit lines.

Labelsoft develops software solutions for HAPs in The Netherlands and is, with a 75 % market share, the market leader in this segment. Labelsoft also has a 5 % share of the Dutch GP ambulatory information systems (AIS) market. In 2013, its total turnover was approx. EUR 3.0 million with an EBITDA-margin of 20 %.

“Together with our leading software business for GPs, caregroups, and pharmacies in The Netherlands, we have become best positioned to connect care providers in the primary care market, thus following our motto ‘Synchronizing Healthcare’. Our goal is to integrate all our solutions for this market into a platform in which caregivers in the first line can easily work together”, said Eric de Wilde, Country Manager of CompuGroup Medical in The Netherlands. “We are very happy that the founder and current CEO, Mr. Ab Elzenga, will stay on board to grow further with CGM NL.”

About CompuGroup Medical AG
CompuGroup Medical AG is one of the leading eHealth companies in the world. With a revenue base of approximately EUR 500 million, the company’s software products are designed to support all medical and organizational activities in doctors’ offices, pharmacies, laboratories and hospitals. Its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. CompuGroup Medical’s services are based on a unique customer base of over 400,000 doctors, dentists, hospitals, pharmacies and networks as well as other service providers. With locations in 19 countries and customers in 43 countries worldwide, CompuGroup Medical is the eHealth company with among the highest coverage among eHealth service providers. Approximately 4,200 highly qualified employees support customers with innovative solutions for the steadily growing demands of the healthcare system.

Editorial Staff Contact Information:
CompuGroup Medical AG
Meike Stärke
Press and Media Consultant
T +49 (0) 261 8000-6100
F +49 (0) 261 8000-3100

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