Circle Holdings PLC Circle selected preferred bidder for MSK service (2333H)
August 16 2016 - 1:00AM
UK Regulatory
TIDMCIRC
RNS Number : 2333H
Circle Holdings PLC
16 August 2016
16 August 2016
Circle selected preferred bidder for Greenwich MSK service
Circle Holdings Limited ("Circle") (LSE: CIRC), the employee
co-owned hospital group, has been named as the preferred bidder by
the Greenwich CCG to provide integrated musculoskeletal (MSK)
services in Greenwich.
Under the proposed five-year arrangement, which is subject to
contract, Circle will be responsible for managing MSK services for
276,000 Greenwich residents. The contract is valued at
approximately GBP73.7 million and is expected to deliver an
estimated savings of GBP12 million for the CCG over the initial
five-year term, which is renewable for up to two additional
years.
Finalisation of the contractual terms will take place over the
coming weeks with service commencement expected in Q4 2016.
Steve Melton, Chief Executive Officer of Circle, commented:
"Circle's selection validates our record of managing integrated MSK
services, which we successfully pioneered in Bedfordshire.
Our approach in Greenwich will see Circle introduce the same
kind of innovation and reform that have enabled us to ensure more
appropriate and timely clinical care for Bedford patients.
Circle looks forward to working closely with the CCG and local
providers to ensure the delivery of an integrated, high quality MSK
service for Greenwich patients."
Annabel Burn, Chief Officer of Greenwich CCG, said: "Greenwich
CCG has been seeking to improve the quality of MSK services for
people in Greenwich for some years now.
The new system offers local patients with MSK medical conditions
an integrated assessment service and more streamlined service.
It also preserves patients' choice and promises to deliver more
efficient use of resources."
For further information, please contact:
Circle Holdings plc
Michael Kirkwood, Chairman +44(0) 20 7034 5258
Steve Melton, Chief Executive Officer
Elizabeth Matthews, Investor Relations Lead
Numis Securities Limited +44(0) 20 7260 1000
Michael Meade, Nominated Adviser
Alex Ham, Ben Stoop Corporate Broking
This information is provided by RNS
The company news service from the London Stock Exchange
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