EMIS AIM float is on for March

HEALTHCARE software firm EMIS will launch on the Alternative Investment Market by the end of this month.

The firm, which computerises patient records, said it will attempt to raise £50m. It will issue £25m worth of new shares with a further £25m being placed by existing shareholders. The group said it expects to have a post-float market capitalisation of about £200m. The debt-free company, founded by two GPs, posted earnings of £20m on turnover of £58m.

Evolution Securities is acting as nominated adviser and broker to EMIS.