Last checked at 11 Nov 2014 07:00
Craneware plc
("Craneware" or the "Company")
AGM Statement
11 November 2014 - Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions for the US healthcare market, will be holding its Annual General Meeting at 10am today at the UK offices of Craneware plc, 1 Tanfield, Edinburgh, EH3 5DA. At the meeting, Keith Neilson, CEO of the Company, will make the following statement:
"We have benefited from the positive sales momentum of the prior year continuing into this current year. The accrued revenue balance from the guaranteed minimum revenues associated to a partner deal which peaked during FY14 has been substantially cleared; this combined with the sales levels experienced has contributed to strong levels of cash collection in the first quarter. Further, the Company has completed two equity transactions, the first being the share 'buy-back' and the second being the acquisition of the emerging technology company, Kestros Limited. Kestros provides a platform in the high growth Patient Access market, as the Company addresses the growing level of consumerisation within healthcare."
"We remain focused on the execution of our growth strategy and look forward to continuing to grow shareholder value in the year ahead."
For further information, please contact:
Craneware plc | Peel Hunt | Newgate Threadneedle |
+44 (0)131 550 3100 | +44 (0)20 7418 8900 | +44 (0)20 7653 9850 |
Keith Neilson, CEO | Dan Webster | Tim Thompson |
Craig Preston, CFO | Richard Kauffer | Heather Armstrong Edward Treadwell |
About Craneware
Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Georgia, Arizona, Massachusetts and Tennessee employing over 200 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance for healthcare organisations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge, code and retain earned revenue for patient care services and supplies. This optimises reimbursement, increases operational efficiency and minimises compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.