FileTek UK Limited, a data management marketing and services division and subsidiary of FileTek, Inc., has purchased a portfolio of assets and ongoing National Health Service (NHS) managed service contracts from EMC Corporation. FileTek UK acquired the EMC portfolio using a combination of cash and other monetary considerations. Centennial Computer Corporation, a U.S.-based company, acted as advisor to FileTek UK for the purchase. It is expected that the transaction will yield $37.5 million in turnover to FileTek UK over the next five years.
With this acquisition, FileTek UK expands its representation of Medical Information Technology, Inc. (MEDITECH) in the United Kingdom, a role MEDITECH assigned to FileTek in 2001. MEDITECH provides data management software products for hospitals and medical facilities worldwide.
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