HealthLink is an information technology company whose products enable health care practitioners, medical organisations and other health sector stakeholders to communicate electronically. HealthLink was at the time the largest e-health operator in both the New Zealand and Australian markets.
The demand for healthcare was increasing at rates significantly faster than GDP and health systems were under pressure to become more efficient. HealthLink was strongly positioned to take advantage of this appealing industry dynamic and enjoyed high barriers to entry.
The company operated a compelling business model. Profitable revenue growth had been consistently achieved and more than 90% of revenues were recurring. The brand was highly trusted as was the company’s value-added service offering.
EBITDA more than doubled during Waterman’s ownership. This was driven by the strong operating leverage as the revenue base grew.