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Serco Group Wins Covid-19 Test Center Contract Valued at Up to GBP322 Million

By Adria Calatayud

 

Serco Group PLC said Monday that it has won a contract from the U.K. Department of Health and Social Care valued at up to 322 million pounds ($447 million) to continue to provide support services to Covid-19 test centers in England and Northern Ireland.

The U.K. outsourcing company said the 12-month contract was awarded after a competitive process. The deal has an option to be extended for a further six months, it said.

The value of the contract could differ materially from the maximum value, as the deal is designed to match services to the demand for testing over the coming months, Serco said.

The company said its expectations for the earnings contribution from testing centers is unchanged from guidance it gave earlier this month.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

June 28, 2021 03:01 ET (07:01 GMT)

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