Medtech Global
Our investment in Medtech Global
Medtech is a leading SaaS business that provides mission-critical software to ~18,000 GP, Allied Health and Specialist users across Australia and NZ. It is the market leader in the NZ GP market with significant market share. It offers an all-encompassing suite of features including core practice management and administrative functions, kiosks, SMS reminders, cloud hosting and a range of integrations with third-party providers.
The Opportunity
We had been looking for a quality operator in the healthcare technology space and Medtech exhibited many favourable attributes. Multiple limbs of growth were identified, including the expansion of its technology platform, enhancing its marketing and customer support functions, expansion into adjacent markets and bolt-on acquisition opportunities.
How We Help
We believe they have significant headroom for further growth. We are working with our investment Medtech Global’s management team to execute on key initiatives, including enhancements to the company’s platform, increasing investment in marketing and customer support, and the further optimisation of user experience to build a strong foundation for long term growth.
Investment Information
FUND: Advent Partners 2
DEAL TYPE: Growth
SECTOR: Healthcare, Software
INV. DATE: June 2020
INV. TEAM: Rob Hooke, Robert Radcliffe-Smith, Hesh Dantanarayana
