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Craneware secures two new contracts with US hospital providers

StockMarketWire.com

Craneware said it secured two significant new contracts with hospital providers in the US.

The first contract with a large blue chip healthcare provider is expected to deliver nearly $5m of revenue over its initial multi-year term and allows Craneware's value cycle products to be deployed across the healthcare provider's 20 hospitals.

The second contract win with an innovative surgical hospital is for the provision of Craneware's suite of products as part of its strategic growth plans, deploying multiple Craneware solutions, including the Trisus Platform and Trisus Claims Informatics. This contract is expected to deliver nearly $3.5m of revenue over its initial term.

Keith Neilson, CEO of Craneware plc, said: 'These contract wins confirm that the positive momentum and financial success we reported in the first half of the year has continued into the second half.'

'This is further evidence of the strategic importance and value that Craneware's solutions can bring to all sizes and complexities of hospital healthcare providers, as they look to address the challenges they face with the ongoing evolution of the US Healthcare market.'

'This continued momentum across the entire business, combined with the strength of our solution set, means we are well positioned to support our customers in the new era of value-based care and deliver increasing stakeholder value.'



At 8:05am: (LON:CRW) Craneware PLC share price was +117.5p at 1715p


Story provided by StockMarketWire.com