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7 Jan 2025 07:00
7 January 2025
One Health Group plc
("One Health" or "OHG" or the "Group")
New NHS and Independent Sector Partnership Agreement
One Health (AQSE: OHGR), a provider of NHS-funded medical procedures, is pleased to note that the NHS and the Independent Sector has entered into a new Partnership Agreement to cut NHS waiting lists. The announcement can be found here: Historic deal between NHS and Independent Sector to cut NHS waiting lists - Independent Healthcare Provider Network and the full agreement can be found here: NHS England » Elective recovery: a partnership agreement between the NHS and the independent sector.
Adam Binns, CEO of One Health, commented:
"We view this new Partnership Agreement between the NHS and the Independent Sector as a positive development in helping to bring down NHS waiting lists. As the announcement referred to above points out, the NHS and Independent Sector Partnership Agreement will help expand capacity and widen patient choice by setting out how more treatments can be delivered through the independent sector, with care remaining free at the point of use."
Ends
For more information, please contact:
One Health Group plc via Square1 Consulting
Derek Bickerstaff, Chairman
Adam Binns, CEO
Panmure Liberum +44 (0) 20 3100 2000
Emma Earl, Will Goode, Mark Rogers,
Joshua Borlant, Rupert Dearden
Square1 Consulting +44 207 929 5599
David Bick +44 7831 381201
About One Health Group
One Health engages over 100 NHS Consultants who sub-specialise in the various surgeries offered by the Company, through a growing network of community-based outreach clinics and surgical operating locations. One Health continues to deliver strong growth and in the year to March 2024 provided much needed care to 13,266 new patients, through almost 34,000 consultations and over 6,000 surgical procedures. One Health deploys surgeons and anaesthetists that are mostly employed by the NHS, on a subcontracted basis. It currently works with over 100 professionals across 9 independent hospitals and 37 outreach clinics. Within these community-based outreach clinics all consultations and post operative physiotherapy is delivered where required, reducing patient inconvenience and excess travel.
One Health's activities are focused on areas where NHS patient needs are under-supplied by the local NHS service, population density is relatively high and the level of private medical insurance or the ability to self-fund is relatively low. One Health has also sought to expand geographically from its Head Office in Sheffield into neighbouring counties, which meet these criteria. Currently, the Company's activities are focused in Yorkshire, Lincolnshire, Derbyshire, Nottinghamshire and Leicestershire. Revenue of over £23m in the year to 31 March 2024 was derived from over 60 NHS commissioning bodies in addition to contracts with local NHS Hospital Trusts to transfer their internal waiting list patients to One Health for quicker treatment.
One Health's business model has focused to date on four main areas: orthopaedics, spine, general surgery and gynaecology. The split of inpatient procedures in the year to 31 March 2024 was as follows: orthopaedics 46% spine 22% general surgery 22% gynaecology 10%.
Spine and orthopaedics are particularly attractive areas for One Health as the Directors believe that they benefit from powerful growth drivers in terms of an ageing demographic, physical inactivity and an increasing proportion of the population being categorised as obese. Within orthopaedics, the most common surgeries performed by One Health are knee and hip replacements.
*(https://www.onehealth.co.uk/investors)
The Directors of One Health Group plc accept responsibility for the contents of this announcement.
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