Allied Healthcare Int. Secures Contract Win

 

TIDMAHI 
 
 
Allied Healthcare International Inc 
15 September 2009 
 
? 
Allied Healthcare International Inc. Secures Contract Win With London Borough of 
Redbridge Council 
 
 
Expands Coverage in London Region With Three-Year Contract Award With Council 
 
 
NEW YORK, NY--(Marketwire - September 15, 2009) - Allied Healthcare 
International Inc. (NASDAQ: AHCI) (AIM: AHI) (http://www.alliedhealthcare.com), 
a leading provider of flexible healthcare staffing services in the United 
Kingdom, has secured a three-year contract with the London Borough of Redbridge 
Council in the United Kingdom. 
 
 
Under the new Redbridge contract, Allied has the opportunity to deliver up to 
one thousand four-hundred hours of home care services a week (72,800 hours a 
year) as one of six providers within Redbridge, a borough of London with a 
population of 250,000. This award, which was secured in August 2009, is Allied's 
first contract with Redbridge and is currently in its implementation stage in 
preparation for the contract start in November 2009. Allied will use its London 
East branch to service the contract. 
 
 
Sandy Young, Chief Executive Officer of Allied, commented: "We continue to see 
strong organic growth in our homecare services business and the Redbridge 
contract is representative of that. Penetrating the London market has been one 
of our objectives and we are making good progress securing long-term contract 
wins in the region. Leveraging the London East branch will provide efficiencies 
to our SG&A by increasing throughput to the office. We reported strong growth in 
the homecare services business this year and we expect to see this trend 
continue with new contract wins similar to Redbridge. I look forward to 
continuing this momentum and updating our shareholders as we move ahead." 
 
 
For more news and information on Allied Healthcare International Inc., please 
visit http://www.IRGnews.com/coi/AHCI where you can find the CEO's video, a fact 
sheet on the company, investor presentations, and more. 
 
 
ABOUT ALLIED HEALTHCARE INTERNATIONAL INC. 
 
 
Allied Healthcare International Inc. (http://www.alliedhealthcare.com) is a 
leading provider of flexible healthcare staffing services in the United Kingdom. 
Allied operates a community-based network of 110 branches with the capacity to 
provide carers (known as home health aides in the U.S.), nurses, and specialized 
medical personnel to locations covering approximately 90% of the U.K. 
population. Allied meets the needs of private patients, community care, nursing 
and care homes, and hospitals. 
 
 
FORWARD-LOOKING STATEMENTS 
 
 
Certain statements contained in this news release may be forward-looking 
statements. These forward-looking statements are based on current expectations 
and projections about future events. Actual results could differ materially from 
those discussed in, or implied by, these forward-looking statements. Factors 
that could cause actual results to differ from those implied by the 
forward-looking statements include: general economic and market conditions; 
Allied's ability to continue to recruit and retain flexible healthcare staff; 
Allied's ability to enter into contracts with local government social services 
departments, NHS Trusts, hospitals and other healthcare facility clients on 
terms attractive to Allied; the general level of patient occupancy at our 
clients' hospitals and healthcare facilities; dependence on the proper 
functioning of Allied's information systems; the effect of existing or future 
government regulation of the healthcare industry, and Allied's ability to comply 
with these regulations; the impact of medical malpractice and other claims 
asserted against Allied; the effect of regulatory change that may apply to 
Allied and that may increase costs and reduce revenues and profitability; 
Allied's ability to use net operating loss carry forwards to offset net income; 
the effect that fluctuations in foreign currency exchange rates may have on our 
dollar-denominated results of operations; and the impairment of goodwill, of 
which Allied has a substantial amount on the balance sheet, may have the effect 
of decreasing earnings or increasing losses. Other factors that could cause 
actual results to differ from those implied by the forward-looking statements in 
this press release include those described in Allied's most recently filed SEC 
documents, such as its most recent annual report on Form 10-K, all quarterly 
reports on Form 10-Q and any current reports on Form 8-K filed since the date of 
the last Form 10-K. Allied undertakes no obligation to publicly update or revise 
any forward-looking statements, whether as a result of new information, future 
events, or otherwise. 
 
 
 
 
CONTACT 
 
 
Allied Healthcare International Inc. 
Sandy Young 
Chief Executive Officer 
Paul Weston 
Chief Financial Officer 
UK 00-44-1785 810-600 
 
 
or 
 
 
The Investor Relations Group 
Adam Holdsworth 
212-825-3210 
 
 
or 
 
 
Cenkos Securities plc (Nominated Advisor) 
Elizabeth Bowman 
London: 00-44-20-7397-8928 
 
 
or 
 
 
Ian Soanes 
London: 00-44-20-7397-8924 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAUVUORKRRKAAR