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Software & services

Induction Healthcare lands contracts worth £3.6mln

The group will support the transformation of outpatient care delivered by the South-West London Integrated Care System

Induction Healthcare Group PLC (AIM:INHC) said it has won contracts totalling £3.6mln for its Zesty digital platform.

The group will support the transformation of outpatient care delivered by the South-West London Integrated Care System, which represents four NHS trusts in the capital.

The individual deals have terms of between two and nine years and will result in annual recurring revenue of £650,000 from full-year 2023 onwards.

The new business win was in part driven by Induction’s collaboration with US firm Cerner Corporation (NASDAQ:CERN), with which it has created a joint product.

Induction chief executive James Balmain said: “We have a strong pipeline of further Cerner customers who are keen to purchase the joint Induction/Cerner patient portal.

“Equally encouraging is the positive reaction we've seen from customers around the integration of Attend Anywhere into our Induction Zesty product."

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