Confident outlook for healthcare provider as revenues climb
Healthcare provider One Health Group has reported a better than expected revenue and EBITDA performance in a trading update for the six months to 30 September 2024 (H1 25).
The Sheffield-headquartered group, which provides free, independent NHS care to patients referred for orthopaedics, spine, general surgery and gynaecology matters, says its H1 25 revenue grew to £13.4m (H1 24: £11.1m), an increase of more than 20%, and ahead of expectations.
Its explains this revenue growth was driven by a 29% increase in new patient numbers, new NHS surgeons joining the group and increased surgical capacity.
One Health notes the financial year has historically been second half weighted, so FY 25 is also anticipated to be ahead of current market expectations.
Adam Binns, chief executive officer, said: “One Health Group has had another period of strong growth resulting in performance significantly ahead of last year against all key metrics.
“Activity has been bolstered with increasing numbers of NHS patients choosing One Health through ‘Patient Choice’ and growing numbers of NHS surgeons providing their services to us.
“The recent change in Government has had a positive effect on the business with an increased use of independent sector support cited as one of the key actions to reduce NHS waiting lists.
“Our business model provides high quality surgical care, local to the patient, free at the point of delivery, and is becoming more widely recognised for helping to reduce the pressure of waiting lists on the NHS, supported by a greater level of awareness of ‘Patient Choice’ amongst the general public. We continue to look forward to the future with confidence.”
One Health adds trading for the first half resulted in a significant increase in revenue and profits in comparison to H1 2024, with the company treating 7,857 new patients during the period (H1 24: 6,091), delivering 19,674 consultations (H1 24: 15,239) and 3,427 surgical procedures (H1 24: 3,002) through nine independent hospitals.
This year, the business says it has successfully established five-year contracts with its largest NHS commissioners representing 70% of its revenue, moving away from the historic annual renewal process.
The group says it continues to build its pipeline of additional surgeons and hospitals.
It is progressing plans for a new surgical hub in an area which is underserved by both NHS and private hospitals and where One Health currently receives high numbers of NHS patient referrals, which will significantly increase operating capacity.
