London – May 20th, 2022: WTA is pleased to announce the acquisition of Momentum Healthware by its client Civica UK Limited.
Canadian healthcare technology provider Momentum Healthware has joined the Civica Group, as part of Civica’s strategy to increase its North America presence. The acquisition will see the UK-headquartered public sector software leader significantly enhance its wider software offering across its North American and global markets.
Momentum Healthware’s suite of innovative software, which includes assessment management, digital health record provision and real-time location tracking, supports senior care communities, long-term care facilities and the home care sector. Momentum has built a strong reputation with key customers across national and regional health authorities.
Momentum Healthware, which will become Civica Canada, complements and enhances the Group’s growing software offering for health and care organisations, notably its electronic patient record software which is already used by customers across several Canadian provinces. With Momentum Healthware now part of the Civica Group, the company sees further growth opportunities for its software across North America.
Civica Group CEO, Wayne Story said:“Today marks another exciting milestone in our journey as a global public software provider. Trusted by senior and long-term care providers across Canada, Momentum Healthware perfectly complements our growing software offering within health and care.
With Momentum Healthware part of the Civica Group as Civica Canada, we see exciting opportunities for our innovative software across North America not just in health and care, but across all the sectors we serve, from national, regional and local government to housing to education.”
Momentum Healthware President, Rod Kamins said:“For over 25 years, our internationally recognised healthcare software has been helping people to live better, safer lives.
We now begin an exciting new chapter, one in which we can offer our customers a far wider and more comprehensive range of world-class software to deal with the challenges they face today – and prepare for those of tomorrow.”
Robert Stroud – Civica Group M&A Director, commented “Great to work on another successful transaction with WTA Partners and our continuing partnership. With Momentum Healthware part of the Civica Group as Civica Canada, we see exciting opportunities for our innovative software across North America not just in health and care, but across all the sectors we serve, from national, regional and local government to housing to education.”
Glenn Tinkler, former CEO of Momentum Healthware, further commented
“We were impressed by the manner in which WTA engaged with us to present the Civica market proposition and as ambassadors for their business. They continued to pro-actively work with us through the initial process and to help position the best deal for the benefit of both parties. The process roadmap that WTA described at the beginning of the engagement was exactly how the process unfolded, with no surprises. WTA clearly understood the needs of both parties and ensured that those needs were met.”
Alan Butterworth, WTA’s partner further commented
“This is a transformational deal for Civica as they strategically grow their business into the North American market, and we are delighted to continue to be working in partnership with them. This is the eighth transaction we have concluded as part of our ongoing work and our first overseas deal.
Over the last year, we have invested in establishing operations in North America and creating a bridge to the UK to enable corporate technology transactions between the continents on both the buy and sell side.
We’re delighted to have been able to facilitate the deal for Civica and we are looking forward to continuing to build our cross-border capabilities.”
For more insight on all WTA transactions with Civica, a case study can be read here