With a budget of ~£200 billion, NHS England is a major client for Mastek, contributing ~22% of its revenue. Mastek's management is closely monitoring these changes but does not anticipate a major impact on spending. However, there may be short-term uncertainty and delays due to the merger activities.
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The UK government has decided to abolish NHS England and merge it into the Department of Health and Social Care. NHS England, established in 2013, was merged with NHS Digital in 2023 to streamline the UK's healthcare services but failed to meet its objectives.
The latest reorganisation aims to reduce bureaucracy, achieve cost savings, and redirect those savings into digital and AI initiatives to enhance the UK healthcare system. With a budget of ~£200 billion, NHS England is a major client for Mastek, contributing ~22% of its revenue. Mastek's management is closely monitoring these changes but does not anticipate a major impact on spending. However, there may be short-term uncertainty and delays due to the merger activities.
Mastek has been shortlisted as a vendor for the Digital Capability for Health 2 framework, a three-year contract involving 22 suppliers, focusing on data management, digital services, and the design, development, and maintenance of healthcare services.
Additionally, Mastek is a supplier in the £1.2 billion defence framework. Other deal wins from the Home Office and Ministry of Justice provide growth visibility in the UK government and healthcare verticals, which collectively account for ~60% of Mastek's revenue.
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