Induction Healthcare Group (INHC)

Sector:

Health Care

Index:

FTSE AIM All-Share

12.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 28.40
  • 52 Week Low: 11.00
  • Currency: UK Pounds
  • Shares Issued: 92.38m
  • Volume: 5,275
  • Market Cap: £11.09m
  • RiskGrade: 132

Induction Healthcare signs reseller agreement with System C

By Josh White

Date: Monday 11 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Digital health platform provider Induction Healthcare has signed a non-exclusive software reseller agreement with System C Healthcare - a supplier of health and social care information technology systems and services - for the 'Induction Zesty' product in the UK.
The AIM-traded firm described Induction Zesty as a digital patient engagement portal that enables end-to-end healthcare management.

It said the portal's interface provides a "fully automated process" for patients to manage their hospital appointments, view their letters and clinical records, and provide data remotely via digital questionnaires from a smartphone.

System C, meanwhile, specialises in providing health and social care solutions across whole care communities.

Induction said its product portfolio included the 'CareFlow EPR', an electronic patient record (EPR) system which was currently used in 30 NHS trusts across the UK.

As part of the agreement, System C would now actively sell Induction Zesty to its new and existing customers using CareFlow EPR.

The non-exclusive agreement covered an initial three-year term with automatic 12 month renewals thereafter.

"We have a long-standing relationship with System C, one of the largest domestic suppliers of EPR software to the NHS, and it is a great step forward to be formally partnered with them under a value-added reseller agreement," said chief executive officer James Balmain.

"Given System C's market share and their ability to reach customers efficiently via their direct sales force, we expect to see significant revenue generated via this partnership over the coming years."

Balmain said that, together with the company's value-added reseller agreement with Cerner Corporation, Induction now had access to more than 40% of acute hospitals through reseller agreements.

"This agreement with System C acts as further material reinforcement of our strategy to partner with, and build on top of, the key underlying systems used by hospitals."

At 1140 BST, shares in Induction Healthcare Group were up 10.53% at 52.5p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

INHC Market Data

Currency UK Pounds
Share Price 12.00p
Change Today -0.50p
% Change -4.00 %
52 Week High 28.40
52 Week Low 11.00
Volume 5,275
Shares Issued 92.38m
Market Cap £11.09m
RiskGrade 132

INHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.47% above the market average18.47% above the market average18.47% above the market average18.47% above the market average18.47% above the market average
41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average41.94% above the sector average
Price Trend
84.86% below the market average84.86% below the market average84.86% below the market average84.86% below the market average84.86% below the market average
45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average
Income Not Available
Growth
61.28% above the market average61.28% above the market average61.28% above the market average61.28% above the market average61.28% above the market average
88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average88.89% above the sector average

INHC Dividends

No dividends found

Trades for 25-Apr-2024

Time Volume / Share Price
16:26 2,500 @ 11.13p
15:18 100 @ 13.00p
15:18 75 @ 11.00p
15:18 100 @ 11.00p
14:20 2,500 @ 13.60p

INHC Key Personnel

CEO Paul Tambeau
CFO John McIntosh

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