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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