Brief: K-Bro Reports New Eleven Year Province Wide Contract with Alberta Health Services

K-Bro Linen

26/07/2021 21:07

July 26 (Reuters) - K-Bro Linen Inc  KBL.TO :
    * K-BRO ANNOUNCES NEW ELEVEN YEAR PROVINCE WIDE CONTRACT
WITH
ALBERTA HEALTH SERVICES
    * K-BRO LINEN INC - AWARD RENEWS ALL OF K-BRO'S EXISTING AHS
VOLUME IN EDMONTON AND CALGARY AND AWARDS ADDITIONAL HEALTHCARE
VOLUME FOR RURAL ALBERTA
    * K-BRO LINEN INC - NEW VOLUME WILL BE SERVICED FROM K-BRO'S
EXISTING STATE-OF--ART FACILITIES IN EDMONTON AND CALGARY
    * K-BRO LINEN - EXPECT INCREMENTAL ANNUAL REVENUE OF ABOUT
$10
MILLION
    * K-BRO LINEN INC - EXPECT TO RETURN TO NORMALIZED MARGINS
ONCE
TRANSITION IS COMPLETE IN MID-2022

Source text for Eikon:  ID:nCNWwFMnta 
Further company coverage:  KBL.TO 

 ((Reuters.Briefs@thomsonreuters.com;))