Serco in line for new NHS contract

Serco Group, the FTSE 100 international service company, has been selected as the preferred bidder for a new contract to provide community health services for NHS Suffolk.

The contract is expected to be worth £140m to Serco over the course of three years. It will be signed in the coming months and is due to start in the autumn.

Serco and its partners will provide a wide range of community health services which include community nursing speech and language therapy and community equipment services.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Christopher Hyman, Chief Executive of Serco Group, said: "By bringing together best in class partners, we believe that we have created an integrated model of service delivery that empowers clinicians, puts the patient at the heart of the service and will make community health in Suffolk a truly exemplary service. This contract adds to our portfolio of services in the rapidly growing global health sector."

Despite the win the stock was down 0.18% to 546.50p.

NR