Craneware plc AGM Statement (0390T)
November 12 2019 - 2:00AM
UK Regulatory
TIDMCRW
RNS Number : 0390T
Craneware plc
12 November 2019
12 November 2019
Craneware plc
("Craneware" or the "Company")
AGM Statement
Appointment of Chairman
Craneware (AIM: CRW.L), the market leader in Value Cycle
software solutions for the US healthcare market, will hold its
Annual General Meet today at 10am. At the meeting, Keith Neilson,
CEO of the Company, will make the following statement:
We have made good progress in the first four months of the year,
continuing to sign the contracts that were delayed from the second
half of the previous year and progressing towards the successful
conclusion of the remainder. Our Value Cycle strategy and the
Trisus platform continue to resonate within the C-suite of US
hospitals allowing us to deepen our relationship with our
customers. Our sales pipeline continues to grow with opportunities
across hospitals of all sizes, for our core Chargemaster Toolkit
and Pharmacy ChargeLink products, as well as our new cloud-based
Trisus solutions. Results are in line with management expectations
and we look forward to providing a greater level of detail within
our Interim Results.
Appointment of Chairman
As announced in our Final Results in September, our
long-standing Chairman George Elliott has decided to step down from
his position on the Board of Craneware. George has been a fantastic
support to me, the Board and the business as a whole. Joining us
just prior to our IPO, he has overseen tremendous growth in the
company during his tenure and will be missed by us all. He hands on
the baton for the next leg of our journey, as we aim to make the
Trisus platform ubiquitous in hospitals throughout the United
States. We wish him all the very best for the future and personally
from me "tight-lines".
George will be succeeded in the role of Chairman by Will
Whitehorn, who will join us as Chairman of the Board from 1 January
2020. We are delighted to have secured an individual of his
calibre. Will joined Virgin in 1986 where he established a career
as Sir Richard Branson's corporate affairs advisor and brand
development director for the group globally. He helped develop
Virgin Atlantic, Virgin Trains and Virgin Media as businesses and
went onto become the first President of Virgin Galactic taking the
business from a dream to reality. He is currently Chairman of Good
Energy Group plc and Deputy Chairman of Stagecoach Group plc, as
well as previously being a non-executive director of both
Purplebricks Group plc and GVC Holdings plc.
Commenting on his appointment, Will Whitehorn said, "I am
delighted to be joining Craneware. It has a fantastic platform for
growth which continues to have great prospects to develop new
opportunities in its core US markets and is led by a strong team,
who I am very much looking forward to working with over the coming
years."
Outlook
The ongoing transition to value-based care is a powerful
underlying driver for our software. We are committed to providing
our customers with the tools they require to continue to deliver
outstanding care to their communities and are passionate about the
central role we will play in this substantial evolution of the US
healthcare market. We remain focused on the delivery of our growing
opportunity and confident we have the correct strategy to
succeed.
Director Appointment Information
Directorships of William Elliott Whitehorn, aged 59
Current: Within the last 5 years:
Stagecoach Group plc GVC Holdings plc
Good Energy Group plc Purblebricks Group plc
AAC Clyde Space AB Clyde Space Ltd
AAC Microtec UK Ltd Transport Systems Catapult Ltd
The Scottish Gallery (Aitken Transport Systems Catapult Services
Dott Ltd) Ltd
Scottish Event Campus Ltd STFC Innovations Ltd
Will Whitehorn Consultancy Ltd Crowd Reactive Ltd
The Royal Air force Main Board Speed Communications Agency Ltd
West End Media Partnership
Jubilee Film Partnership LLP
Illustrated London News Limited
There are no further disclosures required in accordance with AIM
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
For further information, please contact:
Craneware plc Peel Hunt (NOMAD & Joint Investec Bank (Joint Alma (Financial
Broker) Broker) PR)
+44 (0)131 550 +44 (0)203 405
3100 +44 (0)20 7418 8900 +44 (0)20 7597 5970 0205
Keith Neilson, Dan Webster Patrick Robb Caroline Forde
CEO
Craig Preston, George Sellar Sebastian Lawrence Hilary Buchanan
CFO
Guy Pengelley Henry Reast Helena Bogle
About Craneware
Craneware enables healthcare providers to improve margins and
enhance patient outcomes so they can continue to provide quality
outcomes for all.
Craneware is the leader in automated Value Cycle solutions that
help US Healthcare provider organisations discover, convert and
optimise assets to achieve best clinical outcomes and financial
performance. Founded in 1999, Craneware is headquartered in
Edinburgh, Scotland with offices in Atlanta and Pittsburgh
employing over 350 staff. Craneware's market-driven, SaaS solutions
normalise disparate data sets, bringing in up-to-date regulatory
and financial compliance data to deliver value at the points where
clinical and operational data transform into financial
transactions, creating actionable insights that enable informed
tactical and strategic decisions. To learn more, visit
craneware.com and thevaluecycle.com.
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END
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