Delivers a range of specialist outsourced services to healthcare providers and other clients concerned with health management. Such as hospital sterilisation services; applied sterilisation technologies for single-use medical devices; reusable surgical solutions for daily delivery of sterile reusable gowns and towels; clinical pathology, toxicology and microbiological services; chemical and microbiological analysis; linen management services for healthcare facilities and product solutions designed for infection prevention and control, patient hygiene, surgical procedures and wound care. I have a holding in my growth portfolio (epic code: SYR)
Announced today six new contracts from
the USA - two Hospital Sterilisation Service contracts, two Reusable Surgical Solutions contracts and two
Applied Sterilisation Technology contracts, totalling £230m. They state that the order
book for HSS, RSS and healthcare linen services now stands at circa £1.1bn.
They also announced a partnership with the
Center for Advanced Medical Learning and Simulation in
Tampa, Florida to create a Learning Academy for Synergy Health. Initially Synergy will be developing teaching and training
programmes in order to certify HSS technicians to meet the compulsory standards
being adopted in certain US states in 2015, but will expand its programme to
include training and development for the full breadth of Synergy's services in
2014/5. Synergy will also be providing a full HSS service to CAMLS
processing all surgical instruments used in the training programmes.
Synergy announced their interims on 12 November, when they stated that earnings for the year will be in line with the Board's expectations see here for my comments. I stated that the shares were worth holding for the opportunities in the USA and they do appear to be notching up success in that area.
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