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Thommessen advises PatientSky Group in connection with its acquisition of Infodoc

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Thommessen advises PatientSky Group AS in connection with its acquisition of Infodoc AS, a leading e-health company providing electronic health records (“EHR”) to general practitioners, specialists and public health centers, for an enterprise value of approx. NOK 280 million.

PatientSky, founded in 2014 to innovate e-health, is a cloud-based SaaS (Software as a Service), PaaS (Platform as a Service) and IaaS (Infrastructure as a Service) company delivering solutions to the health care industry (both practitioners and patients). The group's main products are the PatientSky 360 Platform and EHR systems, including other similar administration services. At the core of the group's business is the PatientSky 365 Platform, which is a platform that provides all the necessary building blocks for rapid development of highly scalable healthcare software. PatientSky has an open platform and EHR system, enabling an ecosystem in which healthcare providers can communicate with each other using one system, and in which data can be aggregated and consumed on a higher level.

The completion of the acquisition is subject to customary closing conditions, including, without limitation, that the buyer shall have completed a due diligence review of Infodoc with a satisfactory result to the buyer (in its sole discretion), no material adverse change having occurred, required third party approvals being obtained as well as certain other conditions.

The transaction is expected to close during Q4 2020.

The Thommessen deal team consists of Christian G. Sagstad (Partner, M&A and ECM), Nicolai Julsvoll (Managing Associate, M&A and ECM) and Linn A. Nordhus (Senior Associate, M&A and ECM).

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