Craneware inks Aridhia tie-up as profits rise 10%

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Craneware, the maker of billing software for US hospitals, today posted a 10 per cent rise in first-half profits and revealed a strategic partnership with fellow Edinburgh firm Aridhia Informatics.

The company said the tie-up with Aridhia, which uses “big data” analytics to help reduce patient re-admissions, would expand the range of services it offers to US healthcare providers.

Chief executive Keith Neilson said: “We are pleased to bring the analytics agility platform to our client base, offering Aridhia’s expertise in utilising clients’ data to improve patient outcomes.”

Aridhia chief executive David Sibbald, who co-founded communications software outfit Atlantech Technologies before it was sold to Cisco Systems in 2000, added: “US healthcare providers have traditionally focused on financial outcomes and cutting costs but they are increasingly adopting a patient-centric approach which will, in turn, have a positive effect on their bottom line.

“Craneware works with some of the biggest healthcare providers in the US so we’re very pleased to be partnering with them and using our integrated healthcare informatics solutions to deliver better operational results for the Craneware customer, hospitals and therefore, better health outcomes for their patients.”

The deal came as Craneware – which employs more than 200 people – reported a pre-tax profit of $5.3 million (£3.5m) for the six months to the end of December, up from $4.8m a year earlier, on revenues 2 per cent higher at $21.6m.

The interim dividend, to be paid on 24 April, was lifted 10.5 per cent to 6.3p a share.