Regent Assay advises Vantage Health, a UK provider of AI digital solutions to the healthcare industry, on its acquisition by Northgate Public Services “NPS”
Regent Assay is pleased to announce that it has acted as the exclusive financial advisor to Vantage Health on its sale to Northgate Public Services. Vantage Health is a UK based business which has developed Rego, an AI-powered solution that transforms the referral process, helping operationalise care pathways, reduce waiting times and improve patient outcomes. Rego reduces the GP and dental referral process from 15 to 2 minutes per patient and cuts unnecessary demand on hospital services by up to 40%, ensuring patients get the optimal care pathway they need.
Rego reviews all referrals against local criteria and pathways and ensures patients are directed to the right care, first time. Widely implemented across the NHS to support thousands of GPs, dentists and opticians, Rego is proven to support effective outpatient transformation in line with the Long-Term Plan and help the NHS as it looks towards recovery from the pandemic.
Tina Whitley, CEO of NPS, said: “Following the pandemic, healthcare is facing a huge challenge to keep up with the surge in demand for outpatient treatment. Effective solutions are needed to be able to manage resources, save money and secure the best outcomes for patients. Combining Vantage Health’s ability to transform outpatient care with our expertise of managing successful health screening programmes like hearing and diabetic eye screening, means we can give healthcare providers the tools they need to quickly identify patients who need specialist services and then help them direct the patient to the right support service instantly.”
David Ezra, co-founder of Vantage Health, said: “It’s never been more important for the NHS and healthcare services to have efficient solutions that work. Joining forces with NPS is exciting. It brings together a shared vision for transforming the way healthcare is delivered to offer the best care for patients.”
NPS already has a significant presence in this sector, following its acquisition of three EMIS Group plc businesses in 2019. This latest move further strengthens its growing preventative health offering. NPS will become NEC Software Solutions UK from July 2021. The new name brings NPS under the global NEC brand, strengthening the company’s position as a market leader in the development of cutting-edge software and services for the local government, police, health and housing sectors.
“I would like to extend my thanks to James Calvert and the team at Regent Assay. As a component of a wide-ranging search for the right partner for Vantage, they made the introduction and facilitated the development of excellent relationships with Northgate Public Services. The shareholders are delighted with the transaction which they are confident will allow Vantage to fulfil the full potential of its innovative Rego platform.”
Mike Singer, CEO, Vantage Health
This transaction demonstrates Regent Assay’s expertise and track record in the healthcare and technology sectors.