Capita has acquired Medicals Direct for an initial sum of £13.2m, which could rise to £15.2m depending on performance.
MD, a provider of medical screening services, primarily to the life and pensions sector, acquired the medical support business of Capita Insurance Services in July 2009.
MD, which has around 180 employees across six offices, made an operating profit of £2.25m on a turnover of £18.6m for the year ending December 31, 2011.
Capita chief executive Paul Pindar says: “The acquisition adds new capabilities to Capita by, for example, allowing Capita to enter the home-based screening market.
“This investment works well with our existing portfolio of clinic and mobile unit screening services, aligns our health proposition with Capita’s existing life and pensions business and adds important new capability to large scale contracts we may be targeting in the wider private and public sectors.”
In July 2010, MD acquired outsourced insurance services firm Medibureau for an undisclosed sum. Medibureau arranges medicals and pathology testing for life insurers.