4th Feb 2019 08:14
LONDON (Alliance News) - Serco Group PLC on Monday confirmed it will support the Australian military as a sub-contractor to Bupa Health Services Pty Ltd.
The move follows Bupa's selection by the Australian government to provide health services to the Australian Defence Force.
The FTSE 250-listed public services company said it expects the contract value over an initial six-year term to be AUD1.01 billion, about GBP560 million.
The contract has up to four one-year extensions, Serco said, and will begin on July 1.
Under the sub-contract to Bupa, Serco said its Australian subsidiary will be responsible for providing essential defence support services across more than 50 bases in Australia.
Serco will be delivering recruitment, on-boarding, training, workforce management and various other employee lifecycle, account management and support functions to more than 1,000 professional staff.
"We are very excited to be supporting Bupa and the Australian Defence Force in delivering these essential services," said Serco Chief Executive Rupert Soames.
He added: "Our solution draws upon Serco's international experience and expertise in workforce management, and the contract brings together the deep skills we have in our Citizen Services business, the commitment to patient-centred outcomes in our Health business, and the strong relationships and operational delivery we have demonstrated in our Defence businesses."
Serco shares were trading up 0.6% on Monday at 113.22 pence each.
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