2 Jun 2008 07:00
02 June 2008
Care UK Plc
("Care UK or "the group")
Financial Close for Manchester and Southampton Wave 2 ISTC contracts
Care UK Plc, the leading health and social care provider, is pleased to announce that it has reached financial close for the two Phase 2 Independent Sector Treatment Centre contracts, the Clinical Assessment and Treatment Services (CATS) in Manchester and the Southampton centre under Partnership Health Group's Hampshire/Isle of Wight contract. Both contracts will run for seven years.
The Manchester CATS service is due to commence in Winter 2008 and is intended to provide extended primary care services in a number of key specialties for patients in Greater Manchester. The contract is expected to require total capital investment of around £13m.
The PHG contract is to provide a range of elective surgical procedures at a newly refurbished treatment centre to be located within the Royal South Hants Hospital in Southampton. The facilities will be leased from Southampton City PCT. The contract will require investment of approximately £5m, all of which will be funded by PHG from internally generated cash flows.
Mike Parish, Chief Executive of Care UK said: "We are delighted to continue working in partnership with the NHS, and particularly with the Primary Care Trusts with whom we have developed close working relationships. Both the Manchester and Southampton services will provide convenient, high quality services for NHS patients, building on our existing experience as members of the NHS family."
- Ends -
For further information, please contact:
| Care UK Plc | |
| Mike Parish, Chief Executive | 01206 752552 |
| Paul Humphreys, Finance Director | |
| Weber Shandwick Financial | 020 7067 0700 |
| Louise Robson or Stephanie Badjonat |