WIL has announced the acquisition of JMH Publishing Ltd (which trades under the Wellards brand name) for a headline price of £4.2m. Wellards is a leading UK provider of specialist and accredited online education for the healthcare industry. This fits into Wilmington’s existing pharmaceutical business. At 6.3x EBIT, assuming a net cost of £3.8m, the deal is very good value. We lift our FY16 17 EPS (first full year of contribution) by 1.7%. As a result our 3 year EPS CAGR rises to 12.5%. Our TP ri ....
