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US purchasing agreement with US hospitals group

13 Oct 2015 08:30

RNS Number : 0698C
LiDCO Group Plc
13 October 2015
 

 

 

LIDCO GROUP PLC

("LiDCO" or the "Company" or "the Group")

 

US purchasing agreement with group of 38 US hospitals

 

LiDCO (AIM:LID), the hemodynamic monitoring Company, announces that following an extensive competitive evaluation for non-invasive hemodynamic monitoring it has been awarded a five year purchasing agreement by MedAssets, a US based group purchasing organisation.

 

MedAssets is a leading healthcare performance improvement company that serves four out of five hospitals in the USA, and have awarded the purchasing agreement on behalf of a large US healthcare group. The major healthcare group serves 10 million people each year in 38 hospitals across eight US states.

 

Commenting Matt Sassone, Chief Executive Officer, said:

"This purchasing agreement is a very exciting opportunity for LiDCO and has the potential to substantially enhance our business in the USA as it opens up sales into 38 new US hospitals. Whilst the agreement is expected to have a minimal impact on this year's numbers we are confident that it will provide a platform for greater growth in the midterm, with larger opportunities being realised in the next financial year."

 

 

LiDCO Group Plc

www.lidco.com

Matt Sassone (CEO)

Tel: +44 (0)20 7749 1500

Paul Clifford (Finance Director)

 

 

 

finnCap

Tel: +44 (0)20 7600 1658

Geoff Nash / Emily Watts (Corporate Finance)

 

Stephen Norcross (Corporate Broking)

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780 or lidco@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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