Induction Healthcare Group (INHC)

Sector:

Health Care

Index:

FTSE AIM All-Share

 9.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 27.40p
  • 52 Week Low: 7.00p
  • Currency: UK Pounds
  • Shares Issued: 92.38m
  • Volume: 0
  • Market Cap: £8.31m
  • RiskGrade: 132
  • Beta: 0.41

Induction shares surge on new collaboration with Cerner

By Josh White

Date: Monday 12 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Healthcare technology company Induction Healthcare announced a strategic collaboration with global health technology company Cerner Corporation on Monday.
The AIM-traded firm said its patient portal for hospitals, 'Zesty', and Cerner would develop a joint patient engagement solution to help NHS trusts deliver a more efficient service for patients.

It said the collaboration would closely align existing patient-facing technology in the UK and Ireland, building on the benefits of its patient portal solution 'Healthelife' and Zesty's integration capability with Cerner's electronic health record (EHR), 'Cerner Millennium'.

The board said NHS trusts were expected to help patients manage outpatient appointments, complete remote care questionnaires, and view hospital correspondence on their own mobile phones, helping to reduce delays and costs associated with posting letters, reducing demands on administrative, medical and nursing staff, and improving patient experience and access to care options.

As part of the value added reseller (VAR) agreement, NHS trusts that are already Cerner clients would have access to Zesty's patient portal under their existing contractual arrangements.

The directors said the strategic collaboration had the potential to generate material revenues for Induction in the year ending 31 March 2022, in keeping with its strategic focus.

"It is a landmark moment for Zesty to be selected by Cerner in the UK and Ireland to jointly develop patient engagement solutions for NHS hospitals," said joint chief executive officer James Balmain.

"Together, our organisations can provide staff and patients with world class digital tools to manage their care and operate more efficiently in the current environment of rapidly changing and unfamiliar conditions.

"The prospect of a patient facing platform that represents the best of Zesty and the best of Cerner will be game-changing for both existing and new Cerner customers."

At 1548 BST, shares in Induction Healthcare were up 24.83% at 93p.

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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 9.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 27.40p
52 Week Low 7.00p
Volume 0
Shares Issued 92.38m
Market Cap £8.31m
Beta 0.41
RiskGrade 132

INHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.22% above the market average20.22% above the market average20.22% above the market average20.22% above the market average20.22% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
83.49% below the market average83.49% below the market average83.49% below the market average83.49% below the market average83.49% below the market average
56.76% below the sector average56.76% below the sector average56.76% below the sector average56.76% below the sector average56.76% below the sector average
Income Not Available
Growth
38.45% above the market average38.45% above the market average38.45% above the market average38.45% above the market average38.45% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

INHC Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

INHC Key Personnel

CEO Paul Tambeau
CFO John McIntosh

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