Craneware plc AGM Statement (5525O)
08 November 2016 - 7:00AM
UK Regulatory
TIDMCRW
RNS Number : 5525O
Craneware plc
08 November 2016
Craneware plc
("Craneware", "the Group" or the "Company")
AGM Statement
8 November 2016 - Craneware plc (AIM: CRW.L), the leader in
Value Cycle solutions for the US healthcare market, will be holding
its Annual General Meeting today at 10am. At the meeting, Keith
Neilson, CEO of the Company, will make the following statement:
"We continue to see positive results in the first few months of
the current fiscal year. In September we announced the move back
into double-digit revenue and adjusted EBITDA growth. With the
impact of sales made during FY16 starting to contribute to revenue,
combined with our sales pipeline and activity, we see that momentum
continuing in the current year.
"The US healthcare market continues its evolution towards
value-based care with a critical dependency on accurate financial
and operating data. We are investing in our Value Cycle product
suite to ensure we have the solutions to provide hospitals with
tools that deliver insight into these areas of their operations,
expanding our market opportunity and increasing our strategic value
within our market.
"2017 will see some exciting developments for Craneware with the
launch of Trisus Claims Informatics, the first product to be
launched on our newly developed cloud-based Trisus Enterprise Value
Platform; followed shortly thereafter by the launch of Trisus
Patient Payment, a new fourth gateway product, operating within the
patient access and engagement area.
"We are also making good progress within our newly formed Group
business, Craneware Healthcare Intelligence, which is focused on
the development of cost analytics software for the US healthcare
industry.
"With our expanded offering and market opportunity, high levels
of revenue visibility and favourable market backdrop, we believe we
are just at the start of a long-term growth trajectory and are
confident in the future success of Craneware."
For further information, please contact:
Craneware plc Peel Hunt Alma
+44 (0)131 550 +44 (0)20 7418 +44 (0)208 004
3100 8900 4218
Keith Neilson, Dan Webster Caroline Forde
CEO
Craig Preston, Adrian Trimmings Hilary Buchanan
CFO
George Sellar Robyn McConnachie
About Craneware
Craneware enables healthcare providers to improve margins and
enhance patient outcomes so they can continue to provide quality
outcomes for all.
Craneware is the leader in automated value cycle solutions that
help US healthcare provider organisations discover, convert and
optimise assets to achieve best clinical outcomes and financial
performance. Founded in 1999, Craneware has its headquarters in
Edinburgh, Scotland with offices in Atlanta, Boston and Phoenix
employing over 200 staff. Craneware's market-driven, SaaS solutions
normalise disparate data sets, bringing in up-to-date regulatory
and financial compliance data to deliver value at the points where
clinical and operational data transform into financial
transactions, creating actionable insights that enable informed
tactical and strategic decisions. To learn more, visit
craneware.com and thevaluecycle.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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November 08, 2016 02:00 ET (07:00 GMT)