ISIS makes 4x return

ISIS Equity Partners has sold ScriptSwitch to United Health Care UK (UHUK), a quoted health and wellbeing company for an undisclosed sum.

ScriptSwitch which is valued at around £50m marks a four fold return for ISIS which bought a one third stake in the company in May 2007.

ScriptSwitch is used by 60% of primary care organisations in the UK and is a software provider used to support General Practitioners (GPs) with patient safety information and currently has revenues amounting to £10m.

Since ISIS invested in funds from Baronsmead VCTs in May 2007, the company has increased the number of patients that have access to ScriptSwitch by more than 250%.