1 Mar 2010 12:44
1 March 2010
Care UK Plc
("Care UK" or "the group")
Receipt of residual value proceeds
Contract extension
Care UK confirms that the residual value payment for the transfer of the Peninsula NHS Treatment Centre in Plymouth to NHS ownership was received on 26 February 2010, in accordance with the terms of the original contract and as expected.
Care UK also confirms that it has reached contractual close with NHS Plymouth for the extension of the original contract for the operation of this Treatment Centre, which expired on 28 February 2010. The contract extension is for a period of 5 months, to 31 July 2010, with broadly similar contractual arrangements to those that previously pertained, subject to reflecting the transfer of ownership of the centre to the NHS. This extension will have no effect on the services delivered at this centre, to the benefit of patients.
For further information, please contact:
| Care UK Plc | 020 7330 8272 |
| Mike Parish, Chief Executive |
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| Paul Humphreys, Finance Director |
|
CUK.L (CUK)