One Health Group plc, a leading provider of NHS-funded medical procedures, is making a strategic leap forward. The Sheffield-based company is set to raise a minimum of £7 million through a conditional placing, alongside an additional £1 million via an open and retail offer. This capital infusion will fuel its ambitious expansion plans, including the development of its first owned surgical hub.
In tandem with this fundraising initiative, One Health is planning to transition its listing from the AQSE Growth Market to AIM, subject to shareholder approval and the successful completion of the placing and open offer. The Board believes that AIM’s broader investor base and increased access to capital will better support the company’s long-term growth aspirations. It also anticipates that the move will enhance liquidity in the company’s shares, making them more attractive to investors.
The net proceeds from this fundraising will primarily be allocated to the development and launch of the company’s first surgical hub. With a projected cost of between £8 million and £9 million, the hub is expected to be operational within a year of construction commencing. Once fully operational, it is anticipated to generate between £6 million and £9 million in annual revenue and be earnings accretive in its first full year.
CEO Adam Binns underscored the significance of this move, emphasising that the successful placing and AIM listing will position One Health Group for long-term success. The investment in surgical hubs is expected to enhance profitability while reinforcing the company’s commitment to providing essential NHS services.
Planning permission for the inaugural surgical hub is set to be submitted shortly, marking a crucial milestone in the company’s expansion strategy. By strengthening its operational infrastructure and broadening investor engagement, One Health is laying the foundation for sustained growth and an enhanced role within the UK healthcare sector.
One Health Group PLC (AQSE:OHGR) are a team of Consultant Surgeons and Healthcare managers working with the NHS to provide faster, local and expert care in Orthopaedics, Spinal, General Surgery and Gynaecology.
