Servoca, which provides specialist outsourced solutions to police forces, local and national government and companies throughout the private sector, has acquired the business trade and assets of Firstpoint Healthcare (’Firstpoint’).

Firstpoint trades from three locations, with 21 staff, which are based throughout the UK. Firstpoint is being acquired out of administration and provides recruitment services for specialist theatre nurses, general nursing and nursery nurses.

In the year to 31 December 2006, Firstpoint made an unaudited loss before tax of roughly £0.5m on unaudited turnover of around £8.9m. Firstpoint’s main clients are the NHS, primary care trusts and private care providers. At 31 December 2006 Firstpoint had unaudited net liabilities of approximately £5.2m. Servoca is acquiring the business, trade and assets of Firstpoint and so will not be assuming any liabilities.

Servoca’s directors believe that the acquisition will be earnings enhancing and will allow Servoca to grow its service offering in the medical market. Servoca will pay an initial cash consideration of £0.7m, of which £0.5m relates to the debtor book, and the remaining £0.2m is in respect of the business, trade and other assets of Firstpoint.