SOURCE: Allied Healthcare International Inc.

Allied Healthcare International Inc.

April 07, 2010 07:00 ET

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 one¹ hours of home care services a week (60,892¹ 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 Information

  • 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