The Surrey-based investment company Moonray Healthcare which bought Telehealth Solutions Limited (THSL) in early 2011 [TA item] has now acquired Wiltshire Medical Services (WMS) with the intention of bringing the two together. Press release: WMS and THSL come together to create new breed of telehealthcare provider.
Telehealth Solutions was founded in 2006 and, after a couple of years finding its feet, has since been making strong progress in the UK telehealth market. It is one of the few companies (other than Tunstall) that has benefited from the Government Procurement Service’s Framework Agreement. Wiltshire Medical Services’ core business has been to provide out-of-hours services to GPs but a while ago it extended its call centre operations into telecare monitoring. Moonray, which says it is into investment in this field to add long term value looks like it has made a smart move in arranging their marriage. Although the press release says “As part of the deal WMS will acquire Telehealth Solutions…” it is not yet clear which company will take the other’s name or whether a new brand will emerge, but a name containing something as local as ‘Wiltshire’ does not sound like a good bet.