SPI Digital Health: Dedalus Dead Set on Expansion

Published: October 31, 2023

Two weeks ago, a consortium led by private investment house Ardian agreed to increase its stake in Dedalus by a further 19%, taking its total holding in the Italian EHR vendor to 92%.  

According to Ardian, the deal will support a new innovation-led expansion strategy for Dedalus. There has also been a change at the top. Alberto Calcagano, a former CEO of Italian ICT firm Fastweb, has taken up the same role at Dedalus, with company stalwart Andrea Fiumicelli appointed chairman. 

The Signify View 

By increasing its Dedalus share, Ardian is reinforcing a relationship with the vendor that began almost 20 years ago. Since then, the private equity (PE) firm, which manages $156B in assets across PE, private credit, infrastructure, and real estate, has masterminded an aggressive acquisition strategy that has seen Dedalus become a true pan-European EHR heavyweight. As well as acquiring a lot of small Italian vendors at home, it has also been active in several other geographics including France, the UK and Germany, accumulating an impressive EHR and hospital information systems business. 

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