Secondary Recommendation

Craneware - Billing software firm sees huge US healthcare opportunity

October 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Critics have often slammed the NHS for its bureaucratic wastage but it seems we are not alone in this problem, with a recent study in the USA concluding that billing errors have led to its Government overpaying its hospitals to the tune of US$23 bn. in recent years. In response, it has sought to reduce this through forcing hospitals to adopt more efficient automated systems to replace antiquated manual ones and this backdrop explains why Craneware (Not listed in FT), which provides billing and auditing software for the US healthcare market, is one of the few recent issues to have performed so well. After being placed by broker KBC Peel Hunt at 128p last September, in a float that raised Â£5m new money as well as allowing its VC backers t ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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