StockMarketWire.com - Craneware said Tuesday that rising demand in the US healthcare industry for value-based care helped deliver double-digit profit and revenue growth in the first half of the year.

For the six months to 30 June, pre-tax profit rose 12% to $18.9m, and revenue rose 16% to $67.1m.

Adjusted earnings (EBITDA) increased 20% to $21.6m.

The company attributed the growth to a favourable environment and strong sales and opportunities across its product suite and across all classes of hospital providers, including for the first Trisus product: Trisus Claims Informatics.

'Growth is being driven by the investments we have made into the business across our operations, people and product suite, and the supportive market environment,' the company said.

'It is clear that Craneware has an exciting opportunity in front of it, supporting healthcare providers in the transition to value-based care,' it added.

The company also said it expected to generate a record sales pipeline for the current financial year and remained confident in the outlook for the year and beyond. At 10:03am: [LON:CRW] Craneware PLC share price was +160p at 2450p



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