Billam PLC
5 September 2000
Billam Plc
The Company has agreed an investment of £500,000 in IntegriSys Limited.
IntegriSys Limited, which trades as Platinum Health, is a business to business
infomediary for E-Care and E-Commerce. It provides communities of healthcare
professionals with a decision support network based on secure internet and
intranet technologies. Working with Beta customers such as the primary care
health community of Kingston & Richmond, the pharmaceutical company Glaxo
Wellcome, and the UK and European industry associations for diagnostic
products, the Company has perfected its tools for on-line decision support.
In addition, IntegriSys has formed strategic partnerships with leading
hardware and software businesses, which are to be announced shortly. It is in
the process of forming other strategic sales and marketing alliances, which
should further accelerate the Company's organic growth.
The 1997 NHS White Paper began the process of setting up 500 Primary Care
Groups (PCGs), consisting of approximately 20 GP practices, with 60 doctors,
180 healthcare workers and 100,000 patients. This is now the structure of
primary health care in the UK, which is standard in the USA and expected to
become so throughout Europe. The NHS budget for PCGs and their related
expenditure is in excess of £10 billion pa. IntegriSys can help realising
major savings in this expenditure, whilst enabling the better delivery of
patient care by assisting the primary health care team at the point of
consultation.
In 1998, the company established a national reference site, working with the
healthcare community of Kingston & Richmond.
In May of this year, IntegriSys announced a £1 million investment from MTI, a
leading venture capitalist specialising in early stage, technology businesses.
Since this investment the Company has succeeded in developing strategic
partnerships that will allow it to exceed its planned growth. To take
advantage of this, IntegriSys has worked closely with Billam Plc, to provide
£500,000 of mezzanine equity finance. The additional funds will be used to
help finance the new partnership agreements, resulting customer acquisition
and a doubling of the technical infrastructure capacity.
Contact
Peter Hoskins, Billam Plc, 020 7251 9111
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