The contract is to provide operations excellence consulting by a US subsidiary.
Tefen Operations Management Consulting Ltd. (TASE: TEFN) US subsidiary Tefen USA has signed a consulting contract with a hospital corporation in Minnesota.
The deal is worth about NIS 20 million.
Tefen said that the contract is to provide operations excellence consulting. The customer's goal is to lower operating costs.
The work will begin immediately, and is expected to last until the end of the second quarter of 2010.
Tefen USA is a wholly owned subsidiary of Tefen.
Tefen shares, which closed last week at NIS 10.87, are up 158.5% for the year to date.