logo-loader

UPDATE - Advanced Computer named preferred supplier by more NHS Trusts

Published: 06:34 08 Apr 2014 EDT

350awsnhspda_5343a22dce91a

--adds broker comment-- 

Advanced Computer Software (LON:ASW) has been awarded preferred software supplier status by two more NHS trusts for their mental and community health services.

The two trusts were coming off the National Programme for IT (NPfIT). Some 68 NHS contracts are expected to be renewed between 2014 and 2016 as the NPfIT programme comes to an end.

Last month, Adanced Computer was granted preferred supplier status for Oxford Health Foundation Trust to add to a growing customer list in the mental and community health sector that includes South London and Maudesley, Calderstones Partnership and Cheshire and Wirral. 

Vin Murria, Advanced Computer’s chief executive, said: "These awards strengthen Advanced's growing presence in the NHS community and mental health space and position the group well for the future.“ 

Broker N+1 added these awards strengthen the group’s presence in the NHS community and mental health space and should position it well for further contract awards. 

Advanced Computer has a strong track record of delivery and N+1 said there remain significant prospects for further value creation both through organic progress, as demonstrated by today’s update, and through acquisitions.

The broker forecasts underying profits to rise 58% to £36.1mln in the year to February just ended, to be followed by a jump to £39.4mln in 2015.


Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

5 hours, 14 minutes ago