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22
Sep

Serco wins £300m contract


The business service provider Serco has won a £300m  contract to provide pathological services to London's King's College Hospital NHS Trust.


Under the agreement, Kings College will join the existing joint venture between Serco and Guy's and St Thomas' NHS Trust, creating the UK's largest provider of pathological services.

 

The combined service will conduct more than 10 million individual tests a year for customers in the NHS and wider health sector, the support services firm said in a statement.


Serco said the deal would contribute about 110 million pounds to its revenue over the 10 years of the agreement.


The company’s Chief Executive Christopher Hyman said the deal positioned the company for further growth in a market worth some 2.5 billion pounds in the UK.

 

Once described by the Guardian newspaper as the most important company you have never heard of, Serco has been delivering essential public services for more than 40 years. More than 40,000 employees deliver mission-critical services to government and private clients in over 30 countries, including health, education, science, local government, transport, justice and defence.

 

It has grown substantially every year since flotation on the London Stock Exchange in 1988. It has a forward order book that stands at a record £14.6bn. The UK provides some 74% of our business and continues to be an exciting market for us.

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