Sysgroup Regulatory News (SYS)

27 Nov 2008 07:00



System C Healthcare plc 

Pre-Close Trading Update

System C Healthcare plc (AIM: SYS) ("the Company"), a leading provider of information solutions and services to the healthcare sector, is pleased to provide the following trading update for the six months ending 30 November 2008, prior to entering its close period. As at 31 May 2008, net cash balances stood at £12.4 million. Since that date, revenues, profit and cash have continued to grow as forecast, and the Company is on track to meet consensus market expectations for the full year. 

Services

National demand for System C's expert services remains strong in both the public and private healthcare sectors. Activity continues to increase in the Company's traditional stronghold areas of deployment support and problem resolution. Its presence in specialist areas such as clinical design and business intelligence also continues to grow.

Products

The product division has performed well over the half year, with successful deployments of Medway Sigma, Eclipse Maternity, Sigma BI and IQUtopia. All the product development teams are now working towards a common code-set, and it is expected that the entire product range will be available under a single Medway Sigma banner by the end of the first half of the 2009 calendar year.

System C's CEO, Dr Ian Denley, said "We are continuing to build on our reputation for high quality delivery and are reaping the benefits of that work. An increase in new product opportunities, coupled with sustained demand for deployment services and the potential for growth by selective acquisition, are encouraging signs for 2009 and beyond." 

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Notes to editors 

System C Healthcare plc (http://www.systemc.com/), established in 1983, specialises in the provision of information systems and solutions to the healthcare sector. Its team of professionals has an average of 15 years' healthcare experience and can provide all aspects of systems design, development and deployment services. System C is founded upon the belief that IT solutions, when effectively implemented, can significantly contribute towards improving patient care.

System C is a specialist developer and supplier of Patient Administration and Electronic Patient Record Systems to the health service. The Group's MedWay product is successfully installed at a number of NHS hospitals including Noble's Hospital Isle of Man, University Hospitals Aintree, Swindon and Marlborough NHS Trust, Tameside Hospitals NHS Trust and the Christie, one of the UK's leading cancer hospitals.

System C has helped to install healthcare systems at over 150 NHS Trusts and offers a wide range of services to the NHS, other healthcare providers and third-party suppliers. Services include programme/project/change management, design, build and test, implementation, training, data migration, interfacing and helpdesk/support services. Within the National Programme for IT (NPfIT), System C people have been involved in 75% of secondary care go-lives to date as well as many GP, community, Single Assessment Programme and child health deployments.

System C hold NHS product and services framework contracts in the following categories:

Patient Administration Systems (PAS) 

Maternity systems 

Ambulance systems 

Urgent care (Accident and Emergency) 

Theatres 

Order communications and results reporting 

ePrescribing 

Pharmacy stock control 

Social care 

Integrated care pathways and care planning 

Diabetes 

Oncology services 

Clinical integration and systems integration services 

Respiratory care 

Elderly care 

Consultancy services