Published on: June 12, 2019
Transformational step in Government and Healthcare
The Panoply has announced the acquisition of FutureGov Limited, a profitable digital services provider to the Public Sector and Healthcare verticals. With an initial consideration of £11.8m, the deal is in our view both material and transformational. FutureGov is The Panoply’s largest acquisition to date and following completion, c45% of proforma group turnover will originate from the Health and Public sectors. We believe FutureGov is a strategically sensible acquisition for The Panoply and upgrade forecasts following the announcement (FY 20E EPS +8%).