SwanseaWales Business News

Management buy-out at Swansea based Medical Connections

Qian Wang, Rapten Bhutia, Philippa Webb and Alun Thomas

Swansea based Medical Connections Limited has successfully completed a management buy-out.

The medical imaging software toolkit company was founded by the late Doctor David Harvey in 1998. As a consultant radiologist, he was passionate about the development of healthcare IT to deliver better patient care.  The Company is a well-established medical imaging toolkit provider and has been recognised as a global leader in facilitating the development of healthcare IT systems to promote interoperability.

Funded by the Development Bank of Wales, the management buy-out was led by Philippa Webb (Director of Operations) Qian Wang (Technical Director) and Rapten Bhutia (Development Director) as new owners.

Philippa Webb said: “As a team, we are very proud to have had the opportunity to have worked with Doctor David Harvey and developed such a successful business”.

“Securing the right funding package has enabled us to structure a buy-out deal that is right for all involved without the need to consider a sale to a global player. Importantly, we also have the benefit of the on-going support of the team at the Development Bank of Wales; their experience of helping management teams and commitment in really getting to understand our business has been hugely reassuring throughout and we are very grateful for their on-going help and advice as we focus on taking the business forward.”

Alun Thomas is Regional Manager for the Development Bank of Wales. He said: “Medical Connections is at the cutting edge of medical data transfer and has a global reach from here in Swansea.

“As a well-established and respected provider of software for the healthcare sector, the team benefits from a loyal customer portfolio in excess of 200 and is absolutely focussed on continued success as a trusted expert and partner in this specialist field of healthcare IT. We wish them every success.”
Medical Connections Limited was supported by John Morse Solicitors and Carr, Jenkins & Hood Accountants along with Cosgrove Brown Financial Planning.

The new Wales Business Fund is part-funded by the ERDF through the Welsh Government. It was created specifically to support businesses with fewer than 250 employees based in Wales and those willing to move to Wales.

Rhys Gregory
Editor of Wales247.co.uk

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