Engagement — Add-on Due Diligence
Code & Co. advises Medavis, a portfolio company of funds advised by Bregal Unternehmerkapital, ahead of its partnership with Digithurst, a leading provider of HealthTech software solutions.
Both companies are prominent players in the software market for radiologists, aiming to deliver greater value to their customers as a result of their partnership.
Scope of Work
Code & Co. conducted a comprehensive Tech & Product Due Diligence of Digithurst for Medavis. The assessment encompassed a detailed evaluation of Digithurst's technical and product competencies. This involved an examination of the software product architectures, deployment capabilities, and the technical stack in use. Additionally, scalability, cybersecurity measures and disaster recovery plans for these products were assessed.
Furthermore, Code & Co. delved into the product-related aspects of the platform. This included an audit of the platform's strengths and moats, customer rollout and onboarding, and customer support capabilities. The assessment extended to the examination of the product roadmap, as well as the key performance indicators (KPIs) and metrics followed by the product team.
Lastly, Code & Co. examined the underlying engineering team and its capabilities and processes. This analysis encompassed an evaluation of team structure, hiring and onboarding procedures, the software development life cycle, quality assurance strategies, and the management of code quality and avoidance of technical debt. In a broader context, with a focus on product and technical capabilities (e.g, the support of industry standards), Code & Co. also evaluated the regulatory environment within which the company operates and the certification strategy that is currently in place.
Founded in 1983 and based in Büchenbach, Germany, Digithurst is a leading provider of radiology information systems (RIS) and picture archiving and communication systems (PACS) in the German market.
For more information, visit www.digithurst.de
Medavis GmbH is a specialist for process optimization in radiology and offers software solutions that ensure stability, reliability, and performance. With workflow solutions from medavis, radiologists ensure a fast, secure, and digital flow of information and sustainably increase the efficiency of patient care.
About Bregal Unternehmerkapital
Bregal Unternehmerkapital ("BU") is a leading family-backed investment firm with offices in Zug, Munich and Milan. As a part of a family-owned business that has grown over several generations, the BU funds invest in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and "hidden champions" with strong management teams and outbreak potential. Since its founding in 2015, the funds managed by BU have invested over €2.6 billion in more than 100 companies, supporting over 25,000 employees, and working in partnership with entrepreneurs and families to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.