MD CONSENTS ACQUISITION OFFERS UK MARKET OPPORTUNITY TO ENGAGEDMD

MD Consents, a specialist provider of software-as-a-service (SaaS) solutions for the healthcare sector, has been sold to US-based EngagedMD.

Founded in 2017, London-based MD Consents is on a mission to transform the informed consent process across the UK’s healthcare industry.

The company, led by Susan Diamond and Tony Marven, has developed a cloud-based SaaS platform for the benefit of clients in the public and private healthcare markets.

The strength of MD Consents’ offering has provided access to NHS procurement contracts and the government’s Digital Marketplace via G-Cloud 12.

The sale was overseen by Steve Alcock, KBS Corporate Deal Executive.

“MD Consents boasts an innovative SaaS platform and a strong client base, accounting for relationships with key NHS trusts and private healthcare providers,” said Steve.

“The company was immediately an attractive opportunity for potential buyers looking to access larger contracts in the UK market.”

EngagedMD, based in Washington D.C, has acquired MD Consents as part of its long-term strategy to enter the UK healthcare sector.

Throughout its time in operation, EngagedMD has developed intuitive solutions that automate administrative tasks throughout the healthcare delivery process. Consequently, the US-based company has served over 20,000 clinicians and facilitated eight million signed forms.

MD Consents director Susan Diamond said: “The combination of the EngagedMD and MD Consents platforms ensures our customers will continue to benefit from a robust consenting platform.

“We look forward to continuing to respond to our customers’ challenges and delivering more innovative features and services.”

Taylor Stein, co-CEO of Engaged MD, said: “EngagedMD and MD Consents share a common vision – to improve patient experiences through informed decision-making. This acquisition is a significant step forward in realising that vision on a broader scale.”

Steve Alcock added: “I have enjoyed working with Susan and Tony throughout the sale and wish them all the best in the future at MD Consents and beyond.”

More about the sale of MD Consents to EngagedMD can be found here.