Update re: NHS Wales GP framework agreement

RNS Number : 2693D

EMIS Group PLC

30 January 2018

 

EMIS Group plc

("EMIS Group" or "the Group")

Update re: NHS Wales GP framework agreement

EMIS Group plc has received confirmation from NHS Wales that it has not been chosen as a preferred vendor for the next primary care framework agreement in Wales, following a planned procurement review process which began during the first quarter of 2017, as previously reported by the Group.

As at 30 June 2017, EMIS provided GP services to 195 practices in Wales. The Group's total UK estate at that date was 5,147 GP practices. Annual revenues from the existing framework agreement with NHS Wales are approximately £2 million at a margin significantly below the Group average.

This decision will require that EMIS Web users in Wales are transitioned to a new provider via a phased process throughout 2019 and 2020, to be agreed with NHS Wales. EMIS will continue to generate revenues on a reducing basis until the transition process is complete.

For further information, contact:

EMIS Group plc                                                                                             Tel: [phone]

Andy Thorburn, CEO

Peter Southby, CFO

www.emisgroupplc.com

Numis Securities Limited (Nominated Adviser & Broker)         Tel: [phone]

Oliver Hardy/Simon Willis/James Black

MHP Communications                                                                               Tel: [phone]

Reg Hoare/Giles Robinson/Charlie Barker                                        [e-mail]

 

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