Alceon-backed managed services business efex has acquired specialist medical IT services provider Medihost Solutions, in its fourth bolt-on acquisition this year amid a push to become the dominant player in the small-to-medium enterprise market.
Street Talk can reveal efex, owned 50-50 by Alceon Private Equity and founder Nick Sheehan, agreed terms overnight to buy 100 per cent of Medihost which has 300 clients across private practices and allied healthcare.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com