EMIS Group plc, the UK's leading supplier of clinical software and related services to GPs and other healthcare practitioners, announced its results for the year ended 31 December 2010.
Total Group revenue was £62.4m, an increase of £4.7m over 2009.
Core business recurring revenue, which excludes Canada, increased by £8.1m (19%) to £50.8m (2009: £42.7m). This includes hosting to Connecting for Health standards, which commenced at the end of December 2009 and generated revenues of £4.5m in 2010.
The increased core recurring revenue was partly offset by a reduction in PCT spending on hardware and other services being generally lower margin revenue streams. As a result, recurring revenue was 82% of core revenue, up from 74% for 2009.
UK GP software market leading position:
- growth in UK market share to 53.8% (2009: 52.5%)
- 5,576 EMIS GP practices at year end (2009: 5,377 EMIS GP practices)
- market share in Scotland increased from 12.7% to 51.5% by year end
EMIS Web accredited in September 2010 and controlled roll-out commenced
By the year end:
- 44 GP practices installed
- 433 orders placed
- 1,665 orders for the EMIS Web familiarisation service
RX Systems:
- alignment on track
- high street pharmacy market share increased from 20.5% to 25%
Strategic review of Canadian operation concluded and managed exit underway
Transformation of healthcare delivery in the UK opening up new markets for EMIS Web:
- in January 2011 EMIS won a five year contract, with an initial value of £1.8 million, to deliver a shared patient healthcare record for primary healthcare teams across Cheshire
- EMIS continues to pilot EMIS Web across a variety of healthcare sectors in Liverpool, London and Cumbria
Sean Riddell, Chief Executive of EMIS Group, said: "2010 was a busy year for EMIS Group. In our core business we have achieved accreditation and started the controlled roll-out of EMIS Web, our transformational next generation healthcare IT system. Working with GPs and commissioning groups to fulfil the objectives described in the NHS White Paper, we are already seeing a high level of intent to upgrade. Of the first wave of 52 GP consortia announced, representing 22% of England's GP practices, 77% are already EMIS users. These pathfinder organisations will shape the way that GP consortia operate in the future.
"We made the strategic acquisition of RX Systems, significantly increased our market share in Scotland, formed a joint venture to deliver wider interoperability through Healthcare Gateway, progressed existing and new extended primary care and community projects in Liverpool, London, Cumbria and Cheshire and extended our international reach into Australia.
"We remain focussed on cross-organisational healthcare and are confident that we can help healthcare professionals to deliver clinical benefit and improved efficiency through our software and services."
Related news articles:
- EMIS' Profile
About EMIS
EMIS Group* is the UK's leading supplier of software and related services to GP practices. As at 19 January 2011 53.7% of GPs in the UK use an EMIS system.
EMIS' core activities include software licensing and support, hardware support and maintenance services, hardware sales, third party software sales and training services.
Static and mobile EMIS clinical applications are extensively used throughout the globe, including UK Ministry of Defence establishments in Belize, Brunei, Cyprus, Falkland Islands, Gibraltar, Italy and Nepal. Other non-military international installations include: Jamestown Hospital, St Helena; King Edward VII Memorial Hospital, Falkland Islands; Emirates Airline Clinic, which uses EMIS software at two staff clinics in Dubai.
Established in 1987, EMIS' shares were listed on AIM under the trading symbol EMIS.L following a successful fundraising in March 2010.
* EMIS Group is a trading name of EMIS Group plc. Registered In England. No 6553923. Registered Office: Fulford Grange, Micklefield Lane, Rawdon, Leeds, LS19 6BA.