FPE Capital LLP (‘FPE’), the specialist software & services focused lower mid-market growth investor, announces that their portfolio company Egress Group (‘Egress’) has acquired Stalis, specialists in healthcare data migration and archiving. Together, the two companies will offer a unique proposition to the healthcare sector – providing comprehensive end-to-end data management services and solutions.

Egress was FPE’s first investment from FPE Fund III, the firm’s third specialist software and services fund, the successful final close of which was announced in May 2022 at a raised hard cap of £185m. FPE’s investment in Egress was focused on leading the expansion of the management team and helping to accelerate growth within the sizeable and expanding UK market.

The acquisition brings together renowned providers in their respective data management fields, combining more than half a century’s experience working on large-scale, complex, multi-system change programmes. Stalis, 100% focused on healthcare since its inception in 1984, is best known as a leading supplier of data migration and data quality expertise, as well as archiving solutions, in this sector. This is complemented by Egress’s proven track record successfully delivering multiple healthcare system integration and interoperability programmes.

“We are delighted to be welcoming Stalis into the Egress Group and are very excited about the synergy between the two organisations. The combined team represents the leading healthcare data management experts, with longstanding expertise across all major EPR vendors and systems and are both committed to advancing innovation in the healthcare sector by delivering unmatched end-to-end data management.”

Llewellyn John, Partner at FPE

“The opportunity presented by combining the experience and track record of both Egress and Stalis is really special. Together, we can offer healthcare organisations true, end-to-end data management expertise, which is a unique proposition. Approaching all the data objectives of those organisations with one vision will be incredibly beneficial and, together, we can deliver that.

Kate, and the Stalis team, are a natural complement to our own organisation and staff. We share common values and company cultures, with like-minded individuals all passionate about what they do and the industries we work with.”

Joe Rooke, CEO at Egress Group

“This is an incredibly exciting next chapter for Stalis, which we believe will offer significant opportunities and very real benefits for our customers and also for all of our employees.

When we met Joe and the Egress team, it was obvious we all shared the same commitment to the healthcare sector, really wanting to make a difference to providers, their teams and, ultimately, the people they care for.

The NHS faces many challenges and data is one of the keys to unlocking real service transformation and innovation in care delivery. But those decisions and changes are only going to be as good as the data they are based upon. As a team, we understand this and will continue to support healthcare organisations to achieve complete data confidence throughout what are complex and challenging system change programmes.”

Kate Bryan, Managing Director at Stalis

Stalis will continue to operate as Stalis, with a complete focus on healthcare. No organisational changes are planned and all the senior leadership team, including Kate Bryan as MD, are remaining in post.

The transaction was led by Llewellyn John, Connor Trendell, Harriet Hunt and Harry Gill from FPE. Egress were advised on the transaction by Stephenson Harwood (Legal), Cortus Transaction Services (Financial), Tax Advisory Partnership (Tax) and Graph Strategy (Commercial).

-ENDS-

FPE Capital

FPE is a specialist private equity investor focused on the software and services sectors. It invests in lower mid-market UK and Ireland headquartered software and services companies with advantaged business models that offer significant growth potential in large markets that are undergoing structural change. FPE is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com

Egress GroupEgress Group is a trusted, UK data partner helping healthcare providers make the best use of data to drive digital transformation and improve outcomes for all. The company has a long history working with large-scale data sets and multiple systems ensuring complete data confidence for their customers. The Egress suite of tools and services, from strategic consulting and readiness reviews to data migration, system integration, quality, and archiving, is proven in multiple EPR/PAS and clinical system implementation programmes. The Egress team offers unrivalled skills and experience, as well as a commitment to the industries they work with. This drives them to excel at what they do, providing pragmatic solutions to healthcare’s most complex data challenges. www.egressgroup.co.uk 

Stalis

Founded in 1984 to provide specialist IT consultancy services and bespoke solutions to the fast developing healthcare IT market, Stalis has remained 100% focused on healthcare. The company has used its experience over that period to develop core products to support the transformation and integration of healthcare data. This proven suite of solutions has been used in many successful projects with all types of healthcare providers. The team has developed well established methodologies for implementation and delivery to complement these tried and tested solutions. They encompass the full data migration process for any type of application, provision of a data archive, integration of data from multiple systems into an electronic health record (EHR) and provision of a fully integrated data warehouse to support the business intelligence and performance management reporting needs of complex health and care organisations. https://stalis.com/