Acquisition of Panztel by Care Monitoring

Deal typeM&A

BDO advised Care Monitoring & Management Limited (“CM&M”) on the acquisition of Panztel. CM&M already owns CM2000, which delivers award-winning homecare monitoring, scheduling and financial management solutions to 90 Local Authorities and 700 independent and third sector care providers. The acquisition of Panztel, which has operations in New Zealand and the UK, allows CM&M to strengthen its portfolio of technology solutions for the social & health care sector but more significantly allows CM&M to expand into Facilities Management and new overseas markets.          

“BDO have delivered a fantastic result for the Shareholders, they demonstrated a great understanding of Panztel and its overseas sister companies, particularly as the risk profile changed during the due diligence process. BDO’s highly experienced team was dedicated throughout and we found the team well able to deal with the international dimensions of the deal and very well versed in accounting matters which helped secure an excellent deal for us. This transaction took a year to complete and they were very approachable throughout and we trusted them implicitly to give us the right advice. We would certainly use the team again on any future transactions.”      

Peter Longman, CEO of Care Monitoring & Management Limited