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The Markets
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The Markets
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Medical technology & services

Induction Healthcare renews two Scottish deals and confirms trading outlook

Contracts with NHS Scotland and the Scottish government are worth £2mln in annual recurring revenue

Induction Healthcare Group PLC (AIM:INHC) has renewed NHS Scotland and Scottish government contracts worth £2mln in annual recurring revenues for its Attend Anywhere (AA) video consultation product.

In the announcement, chief executive James Balmain also confirmed the group would deliver “very significant revenue growth” this year in line with market expectations.

“We fully expect to see this exciting growth continue into the new financial year,” he added.

“These contract renewals are the first positive milestones in our renewal strategy and set out the pattern we expect to see across a very high proportion of our existing contracts in England."

Induction is a pioneer of health service digital transformation via its virtual care platform.

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