Secures Contract With London Borough of Richmond
18 Diciembre 2009 - 7:00AM
UK Regulatory
TIDMAHI
RNS Number : 3476E
Allied Healthcare International Inc
18 December 2009
Allied Healthcare International Inc. Secures Contract With London Borough of
Richmond Council
Further Expands Coverage in London Region With Three-Year Contract Award With
Council and New Branch Opening
NEW YORK, NY--(Marketwire - December 18, 2009) - Allied Healthcare International
Inc. (NASDAQ: AHCI) (AIM: AHI), a leading provider of flexible healthcare
staffing services in the United Kingdom, has secured a three-year contract with
the London Borough of Richmond Council in the United Kingdom.
Under the new Richmond contract, Allied has the opportunity to deliver up to
2,000 hours of home care services per week (104,000 hours per year) as the only
provider for the North Richmond and South Richmond Wards within Richmond, a
southwest borough of London with a population of 182,000. This award, which was
secured in May 2009 and is Allied's first contract with Richmond, completed its
implementation stage with the opening of a new branch, London West.
Sandy Young, Chief Executive Officer of Allied, commented, "Our stated objective
of materially increasing our presence across London Boroughs is yielding
excellent results, as this win comes on the back of recent long-term contract
wins in Waltham Forest, Redbridge, Hounslow, Camden and Islington. There remain
a great number of opportunities to achieve significant geographic infill and we
will continue our concerted focus on these efforts in key geographies."
ABOUT ALLIED HEALTHCARE INTERNATIONAL INC.
Allied Healthcare International Inc. (http://www.alliedhealthcare.com) is a
leading provider of flexible healthcare staffing services in the United Kingdom.
Allied operates a community-based network of 112 branches with the capacity to
provide careers (known as home health aides in the U.S.), nurses, and
specialized medical personnel to locations covering approximately 90% of the
U.K. population. Allied meets the needs of private patients, community care,
nursing and care homes, and hospitals. For more news and information please
visit: www.alliedhealthcare.com.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release may be forward-looking
statements. These forward-looking statements are based on current expectations
and projections about future events. Actual results could differ materially from
those discussed in, or implied by, these forward-looking statements. Factors
that could cause actual results to differ from those implied by the
forward-looking statements include: general economic and market conditions;
Allied's ability to continue to recruit and retain flexible healthcare staff;
the H1N1 influenza virus which may result in staff being unable to perform
services due to their own illness or due to the illness of patients and may
reduce our revenues; Allied's ability to enter into contracts with local
government social services departments, NHS Trusts, hospitals, other healthcare
facility clients and private clients on terms attractive to Allied; the general
level of demand for healthcare and social care; dependence on the proper
functioning of Allied's information systems; the effect of existing or future
government regulation of the healthcare and social care industry, and Allied's
ability to comply with these regulations; the impact of medical malpractice and
other claims asserted against Allied; the effect of regulatory change that may
apply to Allied and that may increase costs and reduce revenues and
profitability; Allied's ability to use net operating loss carry forwards to
offset net income; the effect that fluctuations in foreign currency exchange
rates may have on our dollar-denominated results of operations; and the
impairment of goodwill, of which Allied has a substantial amount on the balance
sheet, may have the effect of decreasing earnings or increasing losses. Other
factors that could cause actual results to differ from those implied by the
forward-looking statements in this press release include those described in
Allied's most recently filed SEC documents, such as its most recent annual
report on Form 10-K, all quarterly reports on Form 10-Q and any current reports
on Form 8-K filed since the date of the last Form 10-K. Allied undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
CONTACT:
Allied Healthcare International Inc.
Sandy Young
Chief Executive Officer
Paul Weston
Chief Financial Officer
UK: 00-44-1785 810-600
Or
ICR, LLC
Sherry Bertner
Managing Director
646-277-1218
Sherry.Bertner@icrinc.com
Or
Cenkos Securities plc (Nominated Advisor)
Elizabeth Bowman
London: 00-44-20-7397-8928
Or
Ian Soanes
London: 00-44-20-7397-8924
This information is provided by RNS
The company news service from the London Stock Exchange
END
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