UK's NHS Awards Palantir Technologies Contract To Handle Patient Data; NHS Says There Will Be Up To £330M Investment In The Federated Data Platform And Associated Services Over 7 Years
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The UK's National Health Service (NHS) has awarded Palantir Technologies a contract to manage patient data. The contract involves an investment of up to £330 million in the Federated Data Platform and associated services over a period of seven years, according to Reuters.
November 21, 2023 | 2:41 pm
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Palantir Technologies has been awarded a significant contract by the UK's NHS to manage patient data, with a substantial investment of up to £330 million over seven years.
The contract with the NHS represents a significant business development for Palantir Technologies, indicating an expansion of their services into healthcare data management on a large scale. The size of the contract and the duration suggest a strong commitment from the NHS, which is likely to be viewed positively by investors. This news could lead to increased investor confidence in Palantir's growth prospects and revenue stability, potentially driving the stock price up in the short term.
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