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New Contract Announcement

6th Jun 2014 07:00

RNS Number : 9828I
Synergy Health PLC
06 June 2014
 



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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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