Serco has commenced a 10-year deal with Western Australian Department of Health worth $1.3bn (£850m). As per the deal, Serco will have to provide administrative services to the new Fiona Stanley Hospital near Perth.

The outsourcing firm Serco has reported a 21% rise in its profits in the first six months of the current year despite of the public sector cuts. According to analysts, the major reason behind this profit rise is the strong domestic and international economic growth.

The company runs train services as well as prisons in Australian and UK; it has stepped in to its latest bi-cycle hire scheme in London for last few times.