Trading Update and Contract Wins (6153K)
19 Luglio 2011 - 8:00AM
UK Regulatory
TIDMCRW
RNS Number : 6153K
Craneware plc
19 July 2011
Craneware plc
("Craneware" or the "Company")
Trading Update, Contract Wins and Notice of Results
19 July 2011 - Craneware plc (AIM: CRW.L), the market leader in
automated revenue integrity solutions for the US healthcare market,
is pleased to give an update on trading for the year ended 30 June
2011 and announce the signing of two substantial sales to
multi-hospital groups.
Trading Update
In line with expectations, revenue for the year ended 30 June
2011 is expected to have grown by approximately 34% from $28.4m in
2010, while adjusted profit (before share based payments,
depreciation, amortisation and transaction related costs) is
expected to show growth of approximately 30% from $7.6m in 2010.
The Company's visibility of revenue for the next three year period
has risen from $83m at 30 June 2010 to $105m at 30 June 2011.
These results include the first contribution from ClaimTrust,
acquired in February 2011.
Two Significant Contract Wins
Craneware is also pleased to announce the signing of two
substantial sales to multi-hospital groups in June 2011. Shriners
Hospitals for Children(R), a 20 hospital group headquartered in
Florida, with hospitals nationally, has signed a five year contract
for three of Craneware's products; Chargemaster Toolkit(R),
Pharmacy ChargeLink(R) and Supplies ChargeLink(R). While a 10
hospital group also headquartered in Florida, has signed a three
year contract for Craneware's corporate version of Chargemaster
Toolkit.
Due to the Company's annuity SaaS revenue recognition policy the
majority of the revenue from these multi-year contracts will be
recognised in future years.
Notice of Results
Craneware will be announcing its Final Results for the year
ended 30 June 2011 on Tuesday, 30 August 2011.
The management will be hosting a presentation for analysts on
the day of results at 09.30am at the offices of Threadneedle
Communications. Analysts who wish to attend the presentation should
register their interest with Fiona Conroy, contactable at
fiona.conroy@threadneedlepr.co.uk or 020 7653 9847.
Keith Neilson, CEO of Craneware commented, "We are delighted to
have closed the year in such a positive manner, securing strong
competitive wins with two large multi-hospital groups. With the
first fines from the US government's Recovery Audit Contractor
programme now starting to come into effect, the drivers for our
business continue to grow and we look to the future with
confidence."
For further information, please contact:
Craneware plc Peel Hunt Threadneedle Communications
+44 (0)1506 407 +44 (0)20 7418
666 8900 +44 (0)20 7653 9850
Keith Neilson, Dan Webster Caroline Evans-Jones
CEO
Craig Preston, Richard Kauffer Fiona Conroy
CFO
About Craneware
Founded in 1999, Craneware has headquarters in Edinburgh,
Scotland with offices in Atlanta, Arizona, Massachusetts and
Tennessee employing over 200 staff. Craneware is the leader in
automated revenue integrity solutions that improve financial
performance for healthcare organisations. Craneware's
market-driven, SaaS solutions help hospitals and other healthcare
providers more effectively price, charge, code and retain earned
revenue for patient care services and supplies. This optimises
reimbursement, increases operational efficiency and minimises
compliance risk. By partnering with Craneware, clients achieve the
visibility required to identify, address and prevent revenue
leakage. To learn more, visit craneware.com and
stoptheleakage.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTXVLLFFDFBBBB
Grafico Azioni Craneware (LSE:CRW)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Craneware (LSE:CRW)
Storico
Da Lug 2023 a Lug 2024