Induction Secures GBP6.6 Million of Annual Recurring Revenue in UK-Health Contract Renewals
April 11 2022 - 3:28AM
Dow Jones News
By Sabela Ojea
Induction Healthcare Group PLC said Monday that it has secured
an extension or renewal of 84% of its existing Induction Attend
Anywhere platform contracts across the U.K.'s National Health
Service.
The digital health group said that it will recognize 6.6 million
pounds ($8.6 million) of annual recurring revenue in fiscal 2023 as
a result.
The London-listed company added that these renewals, effective
since April 1, are significantly above management views.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 11, 2022 03:13 ET (07:13 GMT)
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