Lidco signs purchasing agreement with US-based MedAssets

Cardiovascular monitoring group Lidco Group has been awarded a five-year purchasing agreement by MedAssets, which is a US-based group purchasing organisation.

MedAssets is a healthcare performance improvement company that serves four out of five hospitals in the US, and has awarded the purchasing agreement on behalf of a large US healthcare group which serves 10m people each year in 38 hospitals across eight US states.

Chief executive officer Matt Sassone said: “Whilst the agreement is expected to have a minimal impact on this year's numbers we are confident that it will provide a platform for greater growth in the midterm, with larger opportunities being realised in the next financial year."

At 0930 BST, Lidco shares were up 10% at 10.45p.