9th Sep 2013 07:00
Ideagen plc
("Ideagen" or the "Company")
Further Healthcare Contract Wins
Ideagen PLC (AIM: IDEA), a leading supplier of Compliance based Information Management, is pleased to announce that it has been awarded a new contract with Central Manchester University Hospitals NHS Foundation Trust (the "Trust") in addition to other contract wins within the Healthcare sector.
The new contract with the Trust is worth an initial £400k for the supply of the Company's proprietary dartEDM electronic medical record solution of which approximately £380k will be recognised in the current financial year. The Trust offers a comprehensive range of acute hospital based services to over one million patients annually. With the use of dartEDM the Trust will now be able to implement electronic medical records ("eMRec") to bring all their locations together into one comprehensive and integrated electronic repository. This will provide clinicians access to all the information relevant to their patients' treatment at the point of care.
Furthermore, MSS Management Systems Services Ltd ("MSS") which was acquired in July 2013 and rapidly integrated into the Company's Healthcare division is performing well due to the buoyant market for Accident and Emergency (A&E) solutions. In the first month of trading post acquisition, MSS has been awarded a significant contract worth £130k for its Patient First A&E solution from Wexham Park Hospital, Slough.
Outside of the UK, the Company has been awarded its first SaaS based contracts in the US Healthcare sector at the US Department of Veterans Affairs in Indianapolis and at Christus St Vincent, a network of 40 healthcare centres based in New Mexico, in its Santa Fe hospitals.
The Company intends to provide a full trading update for the first half of the current financial year in November 2013.
David Hornsby Chief Executive commented: ''I am delighted that the Trust has selected dartEDM to help improve efficiencies and patient care. This deal is a significant eMRec win and is further evidence of our momentum in the Healthcare sector. I am particularly pleased to see MSS land its first significant contract post acquisition, which illustrates the successful acquisition strategy the Company has adopted, and the completion of our first SaaS based deployments into the US Department of Veterans Affairs.
"Outside of the healthcare sector, demand for the Company's products and services has remained strong with notable contracts received from the Prudential, Tata Motors, Fuji Diosyth, Mouchel and Marsh Insurance.
"The Company continues to trade in line with management expectations and the board remains confident of the future growth of the business."
For further information please contact:
Enquiries: |
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Ideagen Plc |
| Tel: 01629 761590 |
David Hornsby, Chief Executive |
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Graeme Spenceley, Finance Director |
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finnCap Limited |
| Tel: 020 7220 0500 |
Matt Goode/Charlotte Stranner/Ben Thompson (corporate finance) |
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Stephen Norcross (corporate broking) |
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Walbrook PR Ltd |
| Tel: 020 7933 8780 |
Helen Cresswell (Media Enquiries) |
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Paul Cornelius (Investor Enquiries) |
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