Investors
- Annual General Meeting
- Financial Contacts
- Financial Calendar
- RNS Announcements
- Trading Statement 21 Jun 2006
- Interim Results for the six months ended 30 November 2006
- Interim Results for the six months ended 30 November 2005
- Trading Statement 02 Dec 2005
- AGM Results 22 Nov 2005
- AGM Statement 22 Nov 2005
- Final Results 13 Sept 2005
- Notice of Results 31 Aug 2005
- Additional Listing 12 July 2005
- Exercise of Options 29 June 2005
- Additional Listing 29 June 2005
- First Day of Dealings on AIM 28 June 2005
- Admission to AIM 22 June 2005
- AGM Results 6 Nov 2006
- Trading Statement - 16 January 2007
- RNS Annoucement 23rd January 2007
- Trading Statement 23 May 2007
- Acquisition of IQ Systems Services Ltd
- System C Healthcare Board Changes
- Additional Listing - 29 June 2006
- New Contract with CSC Ltd - 28 July 2006
- Contract Win - Fujitsu - 13 September 2006
- Further re Dividend - 13 September 2006
- Directorate Change - 19 September 2006
- Directorate Change - Replacement - 19 September 2006
- Share Option Grants - 20 September 2006
- Holding(s) in Company - 3 October 2006
- Additional Listing - 24 October 2006
- Holding(s) in Company - 7 December 2006
- Total Voting Rights - 20 December 2006
- Holding(s) in Company - 10 January 2007
- Holding(s) in Company - 25 January 2007
- Holding(s) in Company - 29 January 2007
- Additional Listing - 27 February 2007
- Holding(s) in Company - 1 March 2007
- Result of AGM - 6 November 2008
- Holding(s) in Company - 2 March 2007
- Holding(s) in Company - 2 March 2007
- Holding(s) in Company - 20 March 2007
- Contract Win - 26 March 2007
- Total Voting Rights - 30 March 2007
- Holding(s) in Company - 19 April 2007
- Additional Listing - 3 May 2007
- Contract Win - 29 May 2007
- Holding(s) in Company - 30 May 2007
- Grant of Options - 6 July 2007
- Additional Listing - 9 July 2007
- AIM Rule 26 - 16 August 2007
- Pre-Close Trading Update - 23 November 2007
- Isle of Man Systems Go Live - 11 January 2008
- Interim Results for the six months ended 30 November 2007
- Acquisition of Care Records Ltd - 28 January 2008
- Framework Appointment - 7 May 2008
- Pre-Close Trading Update - 21 May 2008
- Additional Listing - 12 September 2007
- Additional Listing - 19 September 2007
- Total Voting Rights - 28 September 2007
- Holding(s) in Company - 2 October 2007
- Report and Accounts Posted - 11 October 2007
- Notice of AGM Posted - 18 October 2007
- Share Option Grants - 19 October 2007
- Result of AGM - 7 November 2007
- Holding(s) in Company - 8 November 2007
- Holding(s) in Company - 8 November 2007
- Holding(s) in Company - 28 January 2008
- Share Option Grants - 29 January 2008
- Holding(s) in Company - 24 April 2008
- Holding(s) in Company - 2 June 2008
- Holding(s) in Company - 2 June 2008
- Holding(s) in Company - 3 July 2008
- Holding(s) in Company - 4 July 2008
- Share Option Grants - 10 September 2008
- Directors Dealings - 11 September 2008
- Holding(s) in Company - 3 October 2008
- Notice of AGM - 10 October 2008
- Reports
- Directors and Senior Management
- Shareholder Information
- AIM Rule 26 - Company Information Disclosure
Trading Statement - 16 January 2007
16th January, 2007System C Healthcare plc ("System C" or "the Company")
Trading Statement
Current trading
As we said at the time of our preliminary results in September 2006, System C continues to operate in challenging conditions in our core English market. Within the NHS National Programme for IT ("the National Programme"), Accenture's announcement in September 2006 of their withdrawal from the National Programme, and the final transfer of LSP responsibilities from Accenture to CSC in the North East and East clusters on January 8th 2007, led to a hiatus in deployments during this period.
Now that the LSP situation has been resolved, deployment progress on the National Programme is beginning to improve, but it is now clear that the ramp-up will be more gradual than the rapid acceleration we had previously expected. Under these circumstances, whilst prospects for the latter months of this financial year are improved, the Board now expects to announce results that, whilst profitable, will be significantly below current market expectations for the year ending 31st May 2007.
Contract negotiations
Looking ahead, System C is currently concluding contract details with a number of clients within the National Programme, and we are confident that, once these negotiations have been successfully completed, we will have a contracted order book that underwrites a significant proportion of our Services revenue in the financial year ending 31st May 2008.
Also, our specialist expertise and excellent reputation in our marketplace puts us in astrong position to secure additional work and expand upon the contracted minimum order book.
Contract wins
Outside the National Programme, we have continued to diversify into the private sector and have secured a new contract to provide specialist IT healthcare support services to a major player in diagnostic services.
We are also delighted to announce that we have signed a framework agreement for a major multi-million pound contract to supply our MedWay Patient Management and Electronic Patient Record system and various ancillary products and services to an independent healthcare community. This is the first large-scale system procurement of its type for some time, and it is very encouraging that we were able to win it againstcompetition from all the major global product suppliers. This success demonstrates the strength of our MedWay product suite, and as a result, we now have a forward order book that covers a significant proportion of our Product revenues for the financial year ending
May 31st 2008.
System C Healthcare plc
Brenchley House
Week Street
Maidstone ME14 1RF
t: 01622 691616
f: 01622 691241
w: systemc.com
Interim results
We will be announcing our half-year results on 24th January 2007, and despite the difficult trading conditions, the Company expects to announce a modest profit before tax for the half year ending 30th November 2006.
Conclusion
The Board continues to believe that healthcare informatics has a strong future, and despite these turbulent times, we continue to focus on building the long term order book, expanding the client base, and protecting our strong cash position. We are ensuring that we retain flexibility in our business to support long term opportunities, and will be placing increasing focus on the creation of new products for both the UK and international healthcare markets.
16 January 2007
Notes to Editors
About System C
System C Healthcare plc, established in 1983, specialises in the provision of information systems and solutions to the healthcare sector. Its team of professionals has an average of 14 years healthcare experience and can provide all aspects of systems design, development and deployment services. System C is founded upon the belief that IT solutions, when effectively implemented, can significantly contribute towards improving patient care.
System C has installed patient-focused IT systems at over 30 NHS Trusts. The company also offers a wide range of services to Local Service Providers, the NHS and third-party suppliers. These include programme/project/change management, design, build and test, implementation, training, data migration, interfacing and helpdesk/support services.
System C employs around 180 staff who are divided between the company's offices in Maidstone, Warrington and Bristol as well as being located throughout the UK at customer sites. System C was recently voted 60th in the Sunday Times 100 best SMEs to work for in 2006. The company has ISO 9001 quality accreditation and encourages staff development through the National Standard, Investors in People, and has accreditation from the Institute of IT Training. System C is a member of Health Level Seven UK (HL7 UK), a group of leading suppliers promoting effective and consistent implementation of healthcare information standards in the UK.
Website: www.systemc.com
For further information please contact
System C Healthcare plc
Jim Horsburgh, Chairman
Dr Ian Denley, Chief Executive
Andrew Coll, Finance Director Tel: 01622 691 616
Maitland
Emma Burdett
Brian Hudspith Tel: 020 7379 5151
Latest News
Did You Know?
“We have chosen a UK based supplier, who is capable of engineering and implementing the new system successfully. System C understands the complexities of the NHS and in particular those of our Trust,” Ethna McCarthy, previously Finance Director at The Christie NHS