6th Jun 2014 07:00
Synergy Health plc
("Synergy" or the "Group")
New Contract Announcement
Synergy Health plc (LSE:SYR), a leading global provider of specialist outsourced support services to health-related markets is pleased to announce a contract win.
We are pleased to announce that we have signed a multi-year outsourcing contract with Sterilmed, Inc. ("Sterilmed"). Synergy will take responsibility for the manufacturing operations of Sterilmed, a world leader in the reprocessing of medical Single Use Devices ("SUDs"). Synergy will be responsible for all receiving, production and distribution functions with all current relevant employees transferring to Synergy. The transfer of operations and employees will take place on 27 July 2014.
Synergy will use its know-how in contract service manufacturing, and application of innovative techniques, to improve the efficiency of SUD reprocessing.
This contract is one of the new contracts, mentioned in our announcement on 4 June 2014, giving rise to £48m of annualised revenues.
Dr Richard Steeves, Group CEO, said:
"We are delighted that Sterilmed has chosen Synergy in this long term and important relationship and we look forward to supporting a growing and successful business. We offer a warm welcome to all employees joining the Group."
For further information:
Synergy Health plc | |
Dr Richard Steeves, Chief Executive Gavin Hill, Finance Director Adrian Coward, Chief Operating Officer |
Tel: +44(0) 1793 891 891 |
Investec Bank plc | |
Patrick Robb |
Tel: +44(0) 20 7597 5970 |
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