Secures Contract With London Borough of Richmond


 

TIDMAHI 
 
RNS Number : 3476E 
Allied Healthcare International Inc 
18 December 2009 
 
Allied Healthcare International Inc. Secures Contract With London Borough of 
Richmond Council 
 
 
Further Expands Coverage in London Region With Three-Year Contract Award With 
Council and New Branch Opening 
 
 
NEW YORK, NY--(Marketwire - December 18, 2009) - Allied Healthcare International 
Inc. (NASDAQ: AHCI) (AIM: AHI), a leading provider of flexible healthcare 
staffing services in the United Kingdom, has secured a three-year contract with 
the London Borough of Richmond Council in the United Kingdom. 
 
 
Under the new Richmond contract, Allied has the opportunity to deliver up to 
2,000 hours of home care services per week (104,000 hours per year) as the only 
provider for the North Richmond and South Richmond Wards within Richmond, a 
southwest borough of London with a population of 182,000. This award, which was 
secured in May 2009 and is Allied's first contract with Richmond, completed its 
implementation stage with the opening of a new branch, London West. 
 
 
Sandy Young, Chief Executive Officer of Allied, commented, "Our stated objective 
of materially increasing our presence across London Boroughs is yielding 
excellent results, as this win comes on the back of recent long-term contract 
wins in Waltham Forest, Redbridge, Hounslow, Camden and Islington. There remain 
a great number of opportunities to achieve significant geographic infill and we 
will continue our concerted focus on these efforts in key geographies." 
 
 
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 112 branches with the capacity to 
provide careers (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; 
the H1N1 influenza virus which may result in staff being unable to perform 
services due to their own illness or due to the illness of patients and may 
reduce our revenues; 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: 
 
 
Allied Healthcare International Inc. 
Sandy Young 
Chief Executive Officer 
Paul Weston 
Chief Financial Officer 
UK: 00-44-1785 810-600 
 
 
Or 
 
 
ICR, LLC 
Sherry Bertner 
Managing Director 
646-277-1218 
Sherry.Bertner@icrinc.com 
 
 
Or 
 
 
Cenkos Securities plc (Nominated Advisor) 
Elizabeth Bowman 
London: 00-44-20-7397-8928 
 
 
Or 
 
 
Ian Soanes 
London: 00-44-20-7397-8924 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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