Synergy Health enjoys good growth in the US

City A.M. Reporter
SYNERGY Health, which provides support services to the healthcare industry, reported a 12 per cent rise in adjusted first-half profit, helped by bolt-on acquisitions and its expansion in the United States.

The company, which sterilises surgical gowns and instruments and provides laboratory services to hospitals and surgery centres, also said that negotiations with a large US hospital for an outsourcing contract were at an advanced stage.

Adjusted profit before tax rose to £26m in the quarter ended 29 September. Revenue rose 12 per cent to £192.1m. Revenue from the Americas region jumped 88 per cent to £41.4m.

“The progression of opportunities in the United States and in Asia supports our ability to grow and develop our Hospital Sterilisation Services business in these regions, which I believe will be a catalyst to future strong organic growth,” chief executive Richard Steeves said in a statement.