KPMG Corporate Finance is set to let the genie out of the bottle, with another business in the white hot e-health market placed on the block.
Street Talk can reveal Genie Solutions, which provides back-end software for medial specialists, is up for sale. First round bids were submitted this week.
It is understood the asset, said to be worth about $40 million, has attracted interest from local trade buyers and private equity firms with form in the sector.
Affinity Equity Partners, which bought the broadly similar Medical Director software business from Primary Health Care in March, is a logical acquirer as is private equity firm Potentia, run by Andrew Gray and Rishabh Mehrotra.
Other prospective bidders include the Accel-KKR fund, which invests in mid-market software and technology enabled services firms, Partners for Growth and Armitage Associates.
Trade buyers include the fast-growing Qualitas and health funds such as HCF and Medibank.
The health-tech sector has seen a flurry of activity this year with Oneview Healthcare.floating in March and Intermediate Capital Group acquiring Everlight Radiology in October.
