ScriptSwitch, the provider of drug comparison software to doctors' surgeries, has been acquired by UnitedHealth, the leading US healthcare operator, generating a four-fold return for the Coventry-based company's private equity backers.
The sale of ScriptSwitch - founded by two students and a pharmacist at the University of Warwick in 2001 - illustrates how start-up technology companies can still earn big profits for their private equity backers.
