Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSerco Share News (SRP)

Share Price Information for Serco (SRP)

Share Price is delayed by 15 minutes
Get Live Data
252.00    -3.40 (-1.33%)
Bid:
252.40
Ask:
253.20
Spread: 0.80 (0.317%)
Market Cap: £2.49b
SRP Live PriceLast checked at - London Stock Exchange

Intraday Serco Share Chart

Optima Health wins GBP210 million MoD medical assessment contract

Fri, 07th Feb 2025 12:54

(Alliance News) - Optima Health PLC on Thursday said it has won a seven year contract to deliver medical assessments for the UK Ministry of Defence worth GBP210 million.

The Sheffield, England-based software provider for the occupational health sector said it has been selected as the exclusive medical assessments provider as part of a consortium led by Serco Group PLC to provide recruitment services for the Royal Navy, the British Army, the Royal Air Force and Strategic Command.

The contract will see recruitment for the military brought together for the first time.

The component subcontracted to Optima Health has an estimated value of GBP210 million over the initial seven year terms, rising to GBP290 million if all three one-year extensions are used.

The firm said a 21-month mobilisation period will begin in April, with the new service starting in early 2027.

Optima will provide medical assessments for the programme which will cover candidate attraction, assessment, enlistment and initial training.

Chief Executive Officer Jonathan Thomas said: "Optima Health brings specialist medical expertise and extensive track record of delivering government services at scale and to a high quality. By partnering with Serco and Team Serco specialist delivery partners, we believe we have a compelling solution which will modernise and transform Armed Forces recruitment.

"The award of this contract is an exciting milestone aligned with our overall strategy of growing our industry leading medical solutions on a broader scale."

Optima Health shares were up 7.4% at 174.00 pence in London on Friday afternoon.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Related News

IN BRIEF: Serco extends Norfolk hospital deal for another 10 years
26 May 2026

IN BRIEF: Serco extends Norfolk hospital deal for another 10 years

Serco Group PLC - Hampshire, England-based government services outsourcing provider - Wins an extension of its facilities management contract with Nor...

Reeves urges ministers to award UK firms contracts in four key sectors
25 May 2026

Reeves urges ministers to award UK firms contracts in four key sectors

(Alliance News) - UK Chancellor Rachel Reeves has told cabinet colleagues to award government contracts in shipbuilding, steel-making, energy infrastr...

Serco News

LONDON BROKER RATINGS: Berenberg ups miners; UBS ups Phoenix, cuts M&G
17 Dec 2025

LONDON BROKER RATINGS: Berenberg ups miners; UBS ups Phoenix, cuts M&G

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Serco appoints Proximus finance chief as CFO
17 Dec 2025

Serco appoints Proximus finance chief as CFO

(Sharecast News) - Shares in Serco jumped on Wednesday after the UK government contractor lifted financial guidance on the back of contract wins and a...

LONDON BROKER RATINGS: Experian on JPMorgan focus list at 'overweight'
11 Dec 2025

LONDON BROKER RATINGS: Experian on JPMorgan focus list at 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations on Thursday morning and on Wednesday:

Serco wins GBP500 million contract extension for HMP Dovegate
1 Dec 2025

Serco wins GBP500 million contract extension for HMP Dovegate

(Alliance News) - Serco Group PLC on Monday said it has been awarded a contract by the UK Ministry of Justice to manage His Majesty's Prison Dovegate ...

LONDON BROKER RATINGS: JPMorgan cuts easyJet; Barclays raises Reckitt
1 Dec 2025

LONDON BROKER RATINGS: JPMorgan cuts easyJet; Barclays raises Reckitt

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

LONDON BRIEFING: Shell forms Adura JV; HICL–TRIG deal collapses
1 Dec 2025

LONDON BRIEFING: Shell forms Adura JV; HICL–TRIG deal collapses

(Alliance News) - Shell completes the creation of Adura with Equinor as HICL and TRIG scrap their proposed merger, while Melrose sets out its CFO succ...

Serco secures £500m contract to operate HMP Dovegate
1 Dec 2025

Serco secures £500m contract to operate HMP Dovegate

(Sharecast News) - Serco said on Monday that it has been awarded a 12-year contract worth around £500m to manage HMP Dovegate in Staffordshire.