Chime Communications has today announced that it has acquired 51% of the share capital of Harvey Walsh Limited, which provides market access and data services to the pharmaceutical industry and the NHS.
The deal is for an initial consideration of £2.19m: £2.1m in cash and a further £90,000 in cash representing 51% of working capital of HWL at acquisition which is surplus to requirements after HWL joins the Group.
A further £1.9m may be payable depending on the performance of HWL in 2012 and 2013.
HWL owner-directors Sue Beecroft and Julia Wilkins will continue to develop the business as part of Chime’s healthcare division, OPEN Health.
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