Serco to take 17 mln stg hit on UK health contracts
LONDON Dec 13 (Reuters) - British outsourcing group Serco said on Friday it would take a non-cash exceptional charge of 17 million pounds ($27.76 million) this year related to three loss-making contracts in its UK clinical health business.
Following a review of its UK healthcare business, the firm, which is currently under criminal investigation for overcharging government on a contract to tag criminals, said it would end two of the healthcare contracts, in Braintree and Cornwall, early.
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