Arma Partners is pleased to announce that it has acted as financial advisor to Five Arrows Principal Investments on its acquisition of Softway Medical, the leading cloud-based software and service provider for health institutions in France.

Headquartered in Meyreuil, France, Softway Medical develops and provides medical and administrative information systems for health institutions and radiology practices. Its software solutions include a fully integrated Hospital Information System, Radiology Information System and Picture Archiving and Communication System. Softway Medical operates from 10 locations throughout France and its solutions are used in over 1,100 healthcare sites and 1,200 imaging centres. The company had more than €50 million revenue in 2019 and employs over 500 staff.

This transaction further reinforces Arma Partners’ leadership position in Digital Health, which is attracting sustained interest from investors as the technology continues to digitise and revolutionise the healthcare industry.