Last checked at 11 Jun 2009 07:00
Pre-Close Trading Update for Year Ended 31 May 2009
System C (AIM:SYS), a leading provider of information solutions and services to the healthcare sector, is pleased to announce that it expects profit for the financial year ending 31 May 2009 to be at or around the top end of market expectations with pre tax profits over 20% higher than for the year to 31st May 2008.
Services
The services division has continued to perform well during the year, and has worked on National Program solutions for both the NHS Connecting for Health and for Local Service Providers across hundreds of NHS Trusts. We have also worked with Connecting for Health to create standard clinical workflows and clinical content that can be used in any NHS system deployment. Our healthcare improvement teams have won a number of significant business change contracts directly with NHS Trusts in the acute and primary care sectors, and this has furthered our strategy of diversifying our client base.
Products
The Company is achieving continued growth in sales from its products division, which is benefiting from ongoing investment in its innovative product set - Medway Sigma. We have had over a dozen successful deployments of Medway Sigma this year including patient management, maternity, and business intelligence systems, and the sales pipeline continues to grow.
Acquisitions
In May 2009, the Company completed its 3rd acquisition, the specialist services and healthcare technology company, Bluestar Systems. Work is already underway to incorporate the Bluestar product range, including Radio-frequency identification (RFID) technology, into Medway Sigma. The Company continues to review selective acquisition opportunities that offer true long term strategic value to the Company.
Outlook
Looking forward, System C has a substantial order book for products and services for 2009/10 and beyond, and the Board is confident of achieving continued growth.
ENDS
For further information, please contact:
| System C Healthcare plc | |
| Dr Ian Denley, Chief Executive | Tel: 01622 691616 |
| Andrew Coll, Finance Director | |
| Charles Stanley Securities (Nominated Adviser) | Tel: 020 7149 6000 |
| Mark Taylor / Russell Cook | |
| Maitland (Financial and Corporate Communications) | Tel: 020 7379 5151 |
| Emma Burdett/Richard Farnsworth |
Notes to editors:
System C Healthcare plc (www.systemc.com), specialises in the design and development of clinical patient management and business intelligence software, and provides systems implementation and consulting services to the health sector.
System C Healthcare is quoted on the AIM Market of the London Stock Exchange.