By: 24 January 2019
Gordons advises 247 Time on software provider sale

Yorkshire law firm Gordons has advised shareholders of 247 Time, a cloud-based supplier of contingent healthcare workforce software, on its sale to Allocate Software.

247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors.

A team led by James Fawcett (pictured), corporate partner at Yorkshire law firm Gordons, provided legal advice to the shareholders of 247 Time, while Will Arnold and Dave Irwin of Sentio Partners provided corporate finance advice.

Allocate’s current strategy is to develop an interoperable eco-system of solutions and partners to further increase the impact of its core Optima platform, currently used by more than a million health and social care workers globally, including its HealthRoster and HealthMedics solutions.

The acquisition of 247 Time will allow Allocate to offer a choice of solutions that either operate independently or as an end-to-end solution for the management of clinical staff sourced via agencies or employed directly.

It will also enable end-to-end links between agency systems, bank and e-Rostering software so healthcare organisations can source staff quickly, safely and cost-efficiently.

Allocate CEO Nick Wilson said: “This is an important addition to Allocate and a key element in ensuring that our solutions meet the diverse and demanding workforce needs of the healthcare sector. This is a very natural extension for Allocate, bringing functionality that our customers have asked us to add. The 247 Time solutions together with our partnership approach will allow us to empower our customers with choice, ensuring they have an option that is right for them.”

Dave Brooks, managing director of 247 Time, said: “I am thrilled the 247 Time team is joining Allocate, as many of our customers already use Allocate’s leading e-Rostering solutions. Our combined offering will be a significant benefit to customers and others by providing more joined up solutions and improved agency control.”