(Alliance News) - Leeds-based healthcare software maker Emis Group PLC on Friday said it is trading in line with board's expectations.
In its Emis Health division, the company said that it continues to support its customers across the NHS while "accelerating" investment in its technology and cloud refresh strategy.
As the company had expected, revenue growth from Emis Health was held back. However, Emis said that the division will benefit from a number of digitisation contracts which will be delivered in the second half of the year.
In its other segment, Emis Enterprise, the company said it has had "encouraging contributions" from two acquisitions, which were completed in the period. The acquisitions added to double digit organic growth in revenue in the first six months of 2022, it added.
At June 30, Emis had net cash of GBP53.6 million, up from GBP48.0 million year-on-year.
Back in June, the company agreed to a GBP1.24 billion takeover offer from Optum Health Solutions UK Ltd, a subsidiary of Minnesota, US-based healthcare and insurance company UnitedHealth Group Inc.
The acquisition has a long stop date of June 30, 2023.
Shares in Emis were up 0.3% to 1,864.00 pence each in London on Friday morning.
By Sophie Rose; sophierose@alliancenews.com
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