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The health care industry’s leader in Managed Print Services (MPS), today announced it expects revenue growth in excess of 50% in 2012, based solely on contracts closed since December 2011.

Between December 2011 and June 2012, CynergisTek signed contracts worth an estimated $90 million in new service revenue over the life of the contracts which are all five years. The contracts represent 45 hospitals including some of the nation’s most prestigious health care provider organizations and health care systems. All existing contracts with CynergisTek’s customer base, including these recent wins, will deliver savings to hospital customers in excess of $70 million in print-related expenses over the next five years.

“Our escalating new business with large, multi-campus health systems continues to accelerate as health care administrators seek out best practice business models to reduce cost and volume,” said Joseph J. Flynn, president and CEO of CynergisTek, Inc. “Our MPS program is meeting the need and driving down print costs and producing multi-million dollars in savings for hospitals that can be redirected to patient care.”

Summary of New Business and Operations
Below is a summarization of the company’s new five-year contracts signed since December 2011, and the number of hospitals each represents. The full integration of the CynergisTek MPS program in all of these hospitals will be completed by the end of this year, with the exception of Sharp Health Care which is expected to be phased in completely by July 2013:

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