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Update re: NHS Wales GP framework agreement

30th Jan 2018 07:00

RNS Number : 2693D
EMIS Group PLC
30 January 2018
 

EMIS Group plc

 

("EMIS Group" or "the Group")

 

Update re: NHS Wales GP framework agreement

 

EMIS Group plc has received confirmation from NHS Wales that it has not been chosen as a preferred vendor for the next primary care framework agreement in Wales, following a planned procurement review process which began during the first quarter of 2017, as previously reported by the Group.

 

As at 30 June 2017, EMIS provided GP services to 195 practices in Wales. The Group's total UK estate at that date was 5,147 GP practices. Annual revenues from the existing framework agreement with NHS Wales are approximately £2 million at a margin significantly below the Group average.

 

This decision will require that EMIS Web users in Wales are transitioned to a new provider via a phased process throughout 2019 and 2020, to be agreed with NHS Wales. EMIS will continue to generate revenues on a reducing basis until the transition process is complete.

 

For further information, contact:

 

EMIS Group plc Tel: 0113 380 3000

Andy Thorburn, CEO

Peter Southby, CFO

www.emisgroupplc.com

 

Numis Securities Limited (Nominated Adviser & Broker) Tel: 020 7260 1000

Oliver Hardy/Simon Willis/James Black

 

MHP Communications Tel: 020 3128 8788

Reg Hoare/Giles Robinson/Charlie Barker [email protected]

 

 

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