Constellation Healthcare Tech, Inc Trading Statement (7928E)

TIDMCHT

RNS Number : 7928E

Constellation Healthcare Tech, Inc

21 July 2016

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

21 July 2016

Constellation Healthcare Technologies, Inc.

("Constellation", "CHT" or "the Group")

Trading Update

Constellation Healthcare Technologies, the US-based healthcare services and technology Company, is pleased to announce that, internal unaudited financial Revenue, Cash from Operations and Operating Profit in the first half of 2016 are in line with board expectations for FY 2016. Revenue for the Full Year is expected to be in excess of $126.5 million.

The company is now debt free, and continues to win new business organically. This is expected to continue during the rest of the year. The Company is also evaluating a number of acquisition opportunities and will update the market in due course.

Paul Parmar, Chief Executive Officer of Constellation commented, "CHT continues to grow its business organically demonstrating both demand for its services and the strength of the technology suite. The Company is operating in a strong US medical billing market, and the stage is set for a robust first half financial performance in 2016."

Enquiries:

 
Constellation Healthcare Technologies      c/o Redleaf Communications 
 Paul Parmar, Chief Executive                     +44 (0)20 7382 4730 
 Officer 
finnCap - Nominated Adviser 
 and Joint Broker 
 Julian Blunt / Scott Mathieson                   +44 (0)20 7220 0500 
Stifel - Joint Broker 
 Jonathan Senior / Ben Maddison                   +44 (0)20 7710 7600 
 
  Redleaf Communications - PR                     +44 (0)20 7382 4730 
  adviser                                 constellation@redleafpr.com 
  Charlie Geller / Sam Modlin

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 21, 2016 02:00 ET (06:00 GMT)

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