StaffPlan Announces Sale

Mark Chapman, the company’s sole shareholder and managing director commented, “I engaged Meta when I was in preliminary negotiations with Vin Murria at ACS. I recognised I would benefit from their transactional expertise as well as the additional niche healthcare experience tabled by the Meta team. Meta helped me to select and manage my team of legal (Vertex Law LLP) and accounting and tax advisers (Zenon Transaction Services Ltd), and facilitated discussions and negotiations with ACS. Meta and my wider advisory team helped progress the deal from heads of agreement through to completion in an extremely tight three week time frame.”

Meta director, Mark Ledger-Beadell commented, “Mark Chapman is representative of a number of business owners in the wider health and social care IT space – he has developed an innovative product range which has the potential to improve the way healthcare is provided and administered, but at its current size and scale, StaffPlan lacks access to market. The acquisition provides obvious synergies with ACS’s current product range and becoming part of ACS will give the company the opportunity to make a greater difference.”

He continued, “Meta has extensive experience of transacting and advising the shareholders of companies in the healthcare IT space, having advising the shareholders of Adastra for the five years leading up to their acquisition by ACS. As part of this transaction, we teamed up with Adrian Gilson, former managing director of Adastra Software and are confident that our knowledge and understanding of the UK healthcare IT market means Meta is the best placed boutique corporate finance adviser to counsel shareholders considering a disposal, or currently under offer to maximise shareholder value.”