Irwin Mitchell Advises On Multi-Million Pound Deal
The Corporate team at Irwin Mitchell has advised Care Management Systems Limited on its £3.5m sale to Manchester-based Grafenia plc.
Based in Bristol, CMS's care home management software, CareDocs, was initially developed by brothers Jonathan and Kristopher Ann in 2004 as an in-house solution for use in a care home owned by family members.
Having realised the commercial potential for the CareDocs solution, CMS was founded in 2008 and now licenses its products and services to over 800 hundred care homes around the UK.
CMS has an established management team and currently employs almost 30 members of staff.
Irwin Mitchell Corporate partner Adam Kaucher and Gregory Mazgajczyk advised Care Management Systems. Gateley plc acted for the buyer.
Jonathan Ann commented: "When Kristopher and I set about developing the CareDocs solution we didn't envisage growing a company that would establish itself as a leading supplier to care homes in the UK. We're delighted to hand over the reins to the CMS management team and look forward to seeing the business develop under Grafenia's ownership."
Gavin Cockerill, Acting CEO of Grafenia said: "The acquisition of CMS is our third this financial year. It marks another step forwards in our transformation plan. Becoming a serial acquirer of Vertical Market Software businesses. We're thrilled to add CMS and welcome its team to Grafenia's growing portfolio."