Pender Growth Fund Lifts Stake in Software Arm as BroadCare Deal Closes

An announcement from Pender Growth Fund Inc. ( (TSE:PTF) ) is now available.

Pender Growth Fund Inc. has increased its equity stake in Pender Software Holdings Ltd. to approximately 94.6% following the completion of PSH’s acquisition of UK-based BroadCare Solutions Limited, a long-standing provider of patient management software to the National Health Service. The transaction involved a fresh cash injection and the conversion of a promissory note into PSH equity, bringing PTF’s total cost base in PSH to about $20 million and deepening its exposure to a portfolio that now includes a mission-critical healthcare platform with strong recurring revenue.

BroadCare’s suite of products, used by roughly 75% of Integrated Care Boards in the UK and covering the full continuing care patient pathway, will continue to be run by its existing management team, preserving operational continuity. For PSH, this marks its third acquisition and is expected to lift pro forma revenue from about $13 million to more than $20 million while maintaining EBITDA margins above 30%, reinforcing PTF’s strategy of compounding value through scalable, high-margin software assets and bolstering its positioning in the healthcare technology segment.

More about Pender Growth Fund Inc.

Pender Growth Fund Inc. is a Vancouver-based investment company focused on achieving long-term capital appreciation by investing in small cap, special situations, and illiquid public and private companies. The fund trades on the TSX Venture Exchange under the symbol PTF and leverages a small capital base and long-term horizon to back unique, often underfollowed opportunities, including a controlling interest in Pender Software Holdings Ltd., which acquires and grows software businesses.

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