14th Nov 2006 07:01
Company Health Group PLC14 November 2006 Embargoed until 07.00, 14 November 2006 Company Health Group PLC ("Company Health" or "the Company") TRADING UPDATE - NEW CONTRACT WINS Company Health (AIM: CHT), a provider of occupational health services tocorporates and medical evidence collecting services to life assurance providers,announces that the Company has recently won four significant new contracts tosupply occupational health and physiotherapy/rehabilitation services. The first of these contracts is with Jobcentre Plus, the agency of theDepartment for Work and Pensions that supports people of working age fromwelfare into work, and helps employers to fill their vacancies. Company Healthsubsidiary Milligan & Hill has been selected to provide ergonomic assessments inboth the London and South East regions as part of Jobcentre's Access to Workinitiative. The second is the National Probation Service ("NPS") where Company Health hasbeen awarded a three-year contract to provide occupational health services tothe whole of the Lancashire NPS (650 staff) that commenced on the 1st October2006. The remaining two contracts are with blue chip international companies toprovide occupational health and/or physiotherapy and rehabilitation services totheir Scottish based UK operations. Morgan Stanley, the leading investment bank,has appointed Company Health to supply all of its occupational healthrequirements for its UK operations in Glasgow and Cumbernauld. The fourthcontract is with a global pharmaceutical company, which will now source all ofits physiotherapy and ergonomic health services for its UK business fromMilligan & Hill. Taken together, these contracts will add approximately £300,000 to the Company'sturnover from the next financial year (commencing on 1 January 2007) as the fulleffect of the wins is translated into revenues. Commenting, Ralph Gough, Chairman of Company Health said: "These contractsillustrate the increased attention being paid by all organisations to the healthof all staff in the work place and demonstrate the effectiveness of our newsales strategy, which has been refocused from a central to a regional function.Company Health is very well positioned to take full advantage of thisaccelerating trend." He added: "The occupational health sector continues to be fragmented andsignificant scope exists for consolidation." - ends - For further information please contact: Ralph Gough, Chairman Simon Hudson / Clemmie CarrCompany Health Group Tavistock CommunicationsTel: 020 7553 8820 Tel: 020 7920 3150 Notes to Editors: Company Health Group is a national provider of quality, high value healthservices designed to benefit both employers and employees by adding value,reducing risks, promoting healthy working practices and taking a positive andproactive approach to managing health risks and issues in the workplace. TheCompany's shares are traded on the Alternative Investment Market of the LondonStock Exchange. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CHT.L