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Share Name | Share Symbol | Market | Type |
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Synergy Brands | AMEX:SYR | AMEX | Ordinary Share |
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RNS Number:6061N Synergy Healthcare PLC 16 July 2003 Synergy Healthcare plc AGM Statement Stephen Wilson, Chairman of Synergy Heathcare plc, a leading provider of healthcare support services, made the following statement at today's Annual General Meeting: "Trading in the current year has started well and the company is continuing to perform ahead of expectations with increasing sales and margins. Healthtex have been awarded two further contracts increasing the forward order book by #9m whilst the surgical business is expected to sign a PFI agreement for its surgical services extending the existing service for up to 37 years. As a result of the additional contracts Synergy's order book will exceed #230m. "In June, the Department of Health (DoH) announced its strategy for modernising the provision of hospital decontamination services. As a result the traditional NHS run sterilisation units will begin a phased transfer to the private sector." "This is a substantial undertaking for the DoH and is expected to take place over a five year period. At present, 475 hospitals in England and Wales are serviced by 276 sterilisation units, each at an approximate cost of #750,000 per annum. Tendering for the long-term contracts will proceed on a region by region basis, with the tenders for nine hospitals in the Leeds, Bradford area already being reviewed. In October this year the tender process for a second region encompassing 25 hospitals, will commence. "Synergy Healthcare is the UK market leader in the provision of sterile services, operating twelve surgical sterlisation sites, all of which are MDA / CE certified. The company has developed a reputation for the quality of its services, particularly with the use of its sterile services management system known as TrakStar. This summer the company established the UK's first training college for developing staff skills in sterile services. "The industry has worked closely with the DoH in the formulation of this strategy, and we are clear about their commitment to this course and believe that substantial opportunities present themselves to Synergy Healthcare. We look forward to another exciting year ahead." 16 July 2003 ENQUIRIES: Synergy Healthcare plc Tel: 01332 387 100 Dr Richard Steeves Julia Wilson College Hill Tel: 020 7457 2020 Nicholas Nelson/Corinna Dorward This information is provided by RNS The company news service from the London Stock Exchange END AGMUNRRROORBAAR
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