purchases ics

CIX has purchased Insurance Claims Solutions.

This company was owned by Collection House previously and according to their latest annual report ICS was contributing greater than $1 million in profit per annum.

Extract below:

Insurance Claims Solutions (ICS) has turned a
$0.4m loss last year into a profit in excess of $1m
this year. In addition to this ICS has signed a 3
year contract with their major client that will
provide continuity for the foreseeable future.