CRW Craneware Plc

    RNS Number : 5809X
  Craneware plc
  26 June 2008
   
    
Craneware plc
    ("Craneware" or the "Company")

    Contract Win

    Craneware signs contract with Catholic Healthcare West for 42 hospitals 
     
26 June 2008 - Craneware plc, (AIM:CRW) a leader in revenue cycle management software solutions for the US healthcare market, has signed a
contract with San Francisco-based Catholic Healthcare West for the delivery of Craneware's Chargemaster Toolkit� Suite of software and the
newly launched Pharmacy ChargeLink* product.
 
Craneware's software and services will be rolled out across the hospital system through Fiscal 09. As per Craneware's revenue recognition
policy, the majority of the revenues derived from this contract will be recognised in Craneware's fiscal years FY09, FY10, FY11, FY12 and
FY13. They will therefore not have a material impact on the current financial year's revenues due to finish on 30 June 2008.
 
Keith Neilson, CEO of Craneware plc, commented, "We are delighted to have been selected by Catholic Healthcare West as their provider of
revenue cycle management software, replacing another vendor. This is the second large system sale we have secured this month, giving us
great momentum as we move into our new financial year in July."

    For further information, please contact:

 Craneware plc         KBC Peel Hunt        ICIS    
 +44 (0)1506 407 666   +44 (0)20 7418 8900  +44 (0)20 7651 8688
 Keith Neilson, CEO    Oliver Scott         Tom Moriarty
 Sandy McDougall, CFO  Deon Veldtman        Caroline Evans-Jones


    About Craneware
    Founded in 1999, Craneware has headquarters in Livingston, Scotland, with offices in Florida, Arizona and Kansas, employing over 100
staff. Craneware's products, which include the Company's flagship, Chargemaster Toolkit�, assist US healthcare providers in reducing billing
errors, ensuring the timely and accurate submission of claims and managing compliance risk. More information about Craneware plc and its
services can be found on-line at the Company's corporate website, www.craneware.com  

    About Catholic Healthcare West
Catholic Healthcare West (CHW), headquartered in San Francisco, Calif., is a system of 42 hospitals and medical centers in California,
Arizona and Nevada. Founded in 1986, CHW is the eighth largest hospital system in the nation and the largest not-for-profit hospital
provider in California. For more information visit www.chwhealth.org.



This information is provided by RNS
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