Induction Healthcare Group (INHC)

Sector:

Health Care

Index:

FTSE AIM All-Share

 12.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 28.40
  • 52 Week Low: 12.00
  • Currency: UK Pounds
  • Shares Issued: 92.38m
  • Volume: 0
  • Market Cap: £11.55m
  • RiskGrade: 132

Induction Healthcare's 'Switch' gets NHSX supplier status

By Josh White

Date: Friday 28 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Health technology company Induction Healthcare announced on Friday that its 'Induction Switch' platform has been awarded supplier status on the 'Clinical Communications Procurement Framework', operated by the National Commercial and Procurement Hub on behalf of NHSX.
The AIM-traded firm described NHSX as a joint unit working to "drive forward" the digital transformation of care in the UK.

It said the procurement framework was established to support NHS organisations by providing clinicians with access to a range of dedicated clinical-facing communication and task management tools, to accelerate the adoption of proven technologies.

The framework has been granted £3m of government funding to aid the move towards more modern forms of communication, and to phase out pagers by the end of 2021.

Induction said the framework was scheduled to run from 3 August 2020 to 3 August 2022, with a possible extension of a further 12 months.

Induction Healthcare said its products are routinely used by "hundreds of thousands" of NHS staff and patients, and had been "heavily" relied on during the Covid-19 pandemic to deliver care under challenging conditions.

The inclusion of 'Induction Switch' on the framework provided what the board described as "strong validation" of the company's standards of clinical safety, data security and information governance, further supported by its ISO 27001, ISO 9001, Cyber Essentials, and NHS DSPT certifications.

"We are proud to have been selected for the NHSX Clinical Communications Procurement Framework and are confident it will enable easier access to clinical facing communication and task management tools used by hundreds of thousands of NHS staff across the UK on a daily basis," said joint chief executive officer Hugo Stephenson.

"This success highlights, once again, the strength of Induction's technology and its commitment to improve the delivery of care."

At 1051 BST, shares in Induction Healthcare were down 2.8% at 85.05p.

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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 12.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 28.40
52 Week Low 12.00
Volume 0
Shares Issued 92.38m
Market Cap £11.55m
RiskGrade 132

INHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.13% above the market average19.13% above the market average19.13% above the market average19.13% above the market average19.13% above the market average
43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% 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
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income Not Available
Growth
62.48% above the market average62.48% above the market average62.48% above the market average62.48% above the market average62.48% 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 --2024

Time Volume / Share Price
0 @ 0.000p

INHC Key Personnel

CEO Paul Tambeau
CFO John McIntosh

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