Hills goes back to basics to return to profitability
Hills Health Solutions has returned to profitability after a shaky first half of the financial year, winning contracts at the new Royal Adelaide Hospital and the new Northern Beaches Hospital being built in Sydney.
The healthcare division of Hills Ltd recorded a $1.4 million profit for the full 2016 financial year, having reported a $100,000 loss in the first half. The full-year figure is down from $4.1 million last year, when the company underwent an executive restructure.
Revenue for the health segment was $31.3 million for FY2016, down from $33.5m from the previous year.
Hills provides patient engagement and nurse call solutions to 400 hospitals and 570 aged care facilities across Australia and New Zealand and services over 68,000 beds in the region.
Hills announced a new contract with Western Sydney Local Health District for the installation and maintenance of patient engagement solutions at Auburn, Blacktown, Westmead and Mt Druitt hospitals.
It will also supply the Lincor brand of patient engagement solutions at the new Royal Adelaide Hospital, due to open in November, and a contract has been signed to supply its nurse call solution at the new Northern Beaches Hospital in Sydney.
Hills Health Solutions has had a number of changes of personnel since its creation under former CEO Ted Pretty in 2014. Tom Sykes, who replaced Peta Jurd as head of health solutions in 2015, has also now left the company. It is headed up by general manager Derek McKim-Smith, a former Hewlett-Packard executive.
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