INHC INDUCTION HEALTHCARE GROUP PLC

EQS-News: Induction Healthcare Group focused on 'building out core capability'

EQS-News: Induction Healthcare Group PLC
Induction Healthcare Group focused on 'building out core capability'

29.11.2022 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Contact Details

Proactive

Proactive UK Ltd

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News Source: News Direct


29.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Induction Healthcare Group PLC
United States
ISIN: GB00BJ0M3545
EQS News ID: 1500667

 
End of News EQS News Service

1500667  29.11.2022 CET/CEST

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EN
29/11/2022

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Reports on INDUCTION HEALTHCARE GROUP PLC

 PRESS RELEASE

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Richard Williamson
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Induction Healthcare Group - Termination of coverage

Edison Investment Research is terminating coverage on Vivesto (VIVE), Diurnal Group (DNL), Palace Capital (PCA), Primary Health Properties (PHP), Silver One Resources (SVE), Induction Healthcare (INHC) and Axiom European Financial Debt (AXI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

Richard Williamson
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Induction Healthcare Group - Secured outlook

On a pro forma basis, Induction Healthcare’s FY22 results were in line with our forecasts and market consensus, with revenues up 8x y-o-y to £12.1m and a move to adjusted EBITDA break-even. Contract renewals for Attend Anywhere with the NHS at the end of FY22 saw higher retention rates than management expected, as well as some increases in contract value and length. These improvements drove an increase in the group’s annual recurring revenue (ARR) to £13.5m and help de-risk its recurring revenue...

 PRESS RELEASE

EQS-News: Induction Healthcare Group focused on 'building out core cap...

EQS-News: Induction Healthcare Group PLC Induction Healthcare Group focused on 'building out core capability' 29.11.2022 / 13:00 CET/CEST The issuer is solely responsible for the content of this announcement. Contact DetailsProactiveProactive UK Ltd 3News Source: News Direct 29.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at -ne...

Richard Williamson
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Induction Healthcare Group - Evolving technology in healthcare

Induction Healthcare is a growing UK-based healthcare software company, aiming to provide patients with more flexible care options beyond the traditional face-to-face consultation model. Early in FY22, management acquired Attend Anywhere, which was transformative for the business, leading to revenue growth of 8x and a move to adjusted EBITDA break-even. Our forecasts indicate further growth in revenue and profitability, which should be supported by its robust cash position.

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