Wednesday, 14 September 2016 04:30

Hills Health plans merger with Lincor Solutions Featured

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Hills Health plans merger with Lincor Solutions Image courtesy of Stuart Miles at freedigitalphotos.net

ICT services company Hills is to spin off its Health Solutions business as it prepares to merge with technology company Lincor Solutions and create a new stock market listing.

Hills, maker of the iconic Hills clothes hoist, announced on Tuesday that it had entered into a conditional merger agreement to combine its HHS business with Lincor.

Hills chairman Jennifer Hill Ling said that while the company’s expanding healthcare solutions operations had the potential to become a key profit driver within Hills in coming years, “the opportunities for the healthcare business and its growth potential are much greater as part of Lincor Limited on a global basis”.

“This proposed merger reflects our determination to create significant value for shareholders.”

Hill Ling, who will be on the board of the new merged company, to be named Lincor Ltd, says HHS and Lincor Solutions have together, or individually, won significant recent contracts for major Australian hospitals including:

•    The new Royal Adelaide Hospital (nRAH) - the largest and most technologically advanced hospital development in the Southern Hemisphere;

•    Blacktown Hospital’s new CSB wing; and

•    The new Sydney Northern Beaches Hospital.

A statement from Hills says HHS’s offerings have been implemented in over 350 healthcare facilities and over 550 aged care facilities, and Lincor Solutions has installed solutions in approximately 150 healthcare facilities across the globe including key reference sites such as the Cleveland Clinic in Abu Dhabi, Cancer Treatment Centres of America, HCA Wesley Medical Center; and over 20 National Health Service (NHS) hospitals in the UK including University College Hospital London.

If the transaction proceeds, Lincor will have a global presence directly and through its distributors in 22 countries with offices in Europe, the USA and Australia, and a significant revenue base with a high proportion of recurring revenue reflecting its Software as a Service (SaaS) platform and managed service offering.

Hills Health Solutions and Lincor Solutions have an existing commercial relationship, with Hills distributing Lincor’s patient engagement technology platform, together with its nurse call solutions, for the past two years. The two also have won recent contracts for major Australian hospitals either together or individually.


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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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