Secures New Scottish Contract With Moray Council
April 07 2010 - 6:00AM
RNS Non-Regulatory
TIDMAHI
Allied Healthcare International Inc
07 April 2010
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Allied Healthcare International Inc. Secures New Scottish Contract With The
Moray Council
Agreement Represents a Further New Territory Win and Adds a New Branch
NEW YORK, NY--(Marketwire - April 7, 2010) - Allied Healthcare International
Inc. (NASDAQ: AHCI) (AIM: AHI) ("Allied"), a leading provider of flexible
healthcare staffing services in the United Kingdom, has been awarded a new
three-year contract by The Moray Council in Scotland.
Under the contract, Allied has the opportunity to deliver up to one thousand one
hundred and seventy one(1) hours of home care services a week (60,892(1) hours a
year), within Moray, a region in the North-East of Scotland with a population of
87,000. As a result of this award, which commenced on April 1, 2010, Allied has
opened a new branch in Elgin, the administrative capital of Moray.
Sandy Young, Chief Executive Officer of Allied, commented, "We are delighted to
win this significant new contract with The Moray Council, where we have
previously not had a presence. This represents the third new branch opening in
the last three years in Scotland, all as a result of organic growth."
(1) Hours opportunity is based on the existing care provision under the
jurisdiction of the contract (as laid out by the tender specification) and may
be subject to change.
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 over 110 branches with the capacity
to provide carers (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;
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
+44 1785 810600
or
Piper Jaffray Ltd. (Nominated Advisor)
Matthew Flower
Rupert Winckler
+44 20 3142 8700
or
ICR Inc.
Sherry Bertner
Managing Director
+1 646 277 1218
Sherry.Bertner@icrinc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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