Allied Healthcare International Two New Contracts


 

TIDMAHI 
 
 
Allied Healthcare International Inc 
14 January 2010 
 
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Allied Healthcare International Inc. Secures Two New Contract Wins 
 
 
Wins With Carmarthenshire County Council in Wales and Rochdale Metropolitan 
Borough Council Adds a New Branch and Increases Market Penetration 
 
 
NEW YORK, NY--(Marketwire - January 14, 2010) - Allied Healthcare International 
Inc. (NASDAQ: AHCI) (AIM: AHI) ("Allied"), a leading provider of flexible 
healthcare staffing services in the United Kingdom, has secured a four-year 
contract with Carmarthenshire County Council in Wales and a two-year contract 
with Rochdale Metropolitan Borough Council in the Greater Manchester 
conurbation. 
 
 
Under the new contracts, Allied has the opportunity to deliver up to 2,000 hours 
of home care services per week (104,000 hours per year) as a provider for 
Carmarthenshire, a county in West Wales with a population of almost 180,000, and 
up to 1,300 hours of home care services per week (67,600 hours per year) for 
Rochdale, a borough in North West England, with a population of over 200,000. 
These awards mean the addition of a new branch in Rochdale, which opened in 
November 2009, and additional hours for two existing Welsh branches, Carmarthen 
and Llanelli, commencing by April 1, 2010. 
 
 
Rochdale Metropolitan Borough Council commented: "Allied demonstrated and 
evidenced excellent provision of services, well trained staff and excellent 
management of services for vulnerable people. Once the contracts were to be 
awarded, Allied was very pro-active in completing implementation plans, keeping 
Rochdale updated and contacting service users. Although Allied has only been 
operating in Rochdale for a very short period of time, we have worked closely in 
partnership with the management team, which I can say has been impressive. 
 
 
"We continue to look forward to working together in the future, to ensure that 
the service users receive the high quality service that they deserve." 
 
 
Sandy Young, Chief Executive Officer of Allied, commented: "We are delighted to 
win these significant new contracts with two local authorities, one where we 
have previously not had a presence and the other further cementing our market 
leadership in Wales." 
 
 
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 113 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; 
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 
+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 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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