21st Jul 2016 07:00
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21 July 2016
Constellation Healthcare Technologies, Inc.
("Constellation", "CHT" or "the Group")
Trading Update
Constellation Healthcare Technologies, the US-based healthcare services and technology Company, is pleased to announce that, internal unaudited financial Revenue, Cash from Operations and Operating Profit in the first half of 2016 are in line with board expectations for FY 2016. Revenue for the Full Year is expected to be in excess of $126.5 million.
The company is now debt free, and continues to win new business organically. This is expected to continue during the rest of the year. The Company is also evaluating a number of acquisition opportunities and will update the market in due course.
Paul Parmar, Chief Executive Officer of Constellation commented, "CHT continues to grow its business organically demonstrating both demand for its services and the strength of the technology suite. The Company is operating in a strong US medical billing market, and the stage is set for a robust first half financial performance in 2016."
Enquiries:
Constellation Healthcare Technologies Paul Parmar, Chief Executive Officer
| c/o Redleaf Communications +44 (0)20 7382 4730 |
finnCap - Nominated Adviser and Joint Broker Julian Blunt / Scott Mathieson
| +44 (0)20 7220 0500 |
Stifel - Joint Broker Jonathan Senior / Ben Maddison | +44 (0)20 7710 7600 |
Redleaf Communications - PR adviser Charlie Geller / Sam Modlin |
+44 (0)20 7382 4730 |
Related Shares:
CHT.L