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(Sharecast News) - One Health Group reported continued traction with key hospital partners and progress in expanding its digital health and telemedicine services across the healthcare sector in a trading update on Monday.
The AIM-traded digital health platform provider said it had renewed and extended its contract with Sheffield Teaching Hospital on more favourable commercial terms, securing a longer-term commitment from one of its anchor customers and underlining the stickiness of its core user base.
It said the contract renewal reflected growing confidence from hospital trusts in its digital health and clinical collaboration capabilities, which enable remote consultations, electronic patient records integration and streamlined clinical workflows.
The extension provided financial visibility and underpinned management's confidence in the group's organic growth trajectory through the calendar year.
One Health said it was continuing to pursue selective partnership expansion and was evaluating opportunities to build out its platform's reach within the NHS and private healthcare sectors, targeting both revenue growth and margin expansion as utilisation of its existing customer base deepened.
At 1059 BST, shares in One Health Group were up 5.83% at 254p.
Reporting by Josh White for Sharecast.com.
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