Main Capital-backed Enovation bolts on Meddex

Enovation bought the business following its bankruptcy in November and intends to guarantee the continuation of the company's operations.

Following the acquisition, Enovation expects to strengthen its position in the Dutch XDS information exchange market and expand its product offering. The company plans to further boost its growth both organically and through additional acquisitions in order to support its buy-and-build strategy, and expand its presence in north-west Europe.

Main Capital acquired Enovation from Vanad Group in August 2018. The GP drew capital from its fifth buyout fund, which held a final close above its original €225m hard-cap on €236.5m in December 2017. Vanad, a family-owned industrial holding company with a portfolio of 11 businesses in the communications and software segments, retained a minority stake in the business.

Company
Founded in 2009 and based in Utrecht, Meddex is a medical data exchange platform. The company's software is able to provide automated exchange of any form of medical data by using the IHE Cross Enterprise Document Sharing (XDS) system, a standard for cataloguing and sharing patient records across health institutions.

People
Main Capital – Charly Zwemstra (managing partner).
Enovation – Jeroen van Rijswijk (CEO).

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• Topics
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• Healthcare
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• Build-up
• Buy-and-build