EMIS Group, the UK leader in connected healthcare software and services, is pleased to announce the acquisition of Dovetail Digital Limited ("Dovetail Lab"), a leading early stage UK technology business specialising in blockchain software for the healthcare market, for an initial consideration of £2.5m.
The acquisition is in line with the Group’s strategy of identifying sustainable long-term market opportunities delivering connected healthcare systems.
Founded in July 2017, Dovetail Lab creates software that gives patients full control of their healthcare records, delivering secure exchange of data between different health services and new digital technologies involved in patient care. Its patent-pending blockchain-based technology delivers accountability, security and trust in the transmission of healthcare data, whilst mitigating risk and maximising health outcomes for patients. Blockchain is a key element of our updated technology Roadmap.
The team based in London will join EMIS Group as part of the acquisition, including Dovetail Lab’s CEO and co-founder Alexandra Eavis. Existing Dovetail Lab shareholders (comprising management and early stage investors) will retain a 10% share of the original business subject to a call option in favour of EMIS Group exercisable between 2023 and 2025.
Andy Thorburn, CEO of EMIS Group, said: "Dovetail Lab is widely regarded as one of the leading healthcare blockchain businesses in the UK, that is driving innovation across the sector.
"The business has already launched a successful pilot of its software within the NHS, giving patients access, visibility and control over their health data using explicit and informed consent to drive data sharing across all health and care settings. The potential applications for blockchain technology in the UK healthcare sector are significant and we look forward to working with the new team to explore these."
Alexandra Eavis, CEO of Dovetail Lab said: "We are delighted to be joining EMIS Group at this exciting time in the digital transformation of healthcare. This new partnership can help deliver the type of open and flexible software solutions that will empower patients and clinicians, and drive future healthcare innovations in the NHS and wider healthcare ecosystem. We are passionate advocates for the use of blockchain technology to help seamlessly connect patients with their data, and securely deliver timely and accurate patient data to clinicians, healthcare providers and new digital health tools."