One Health Group debuts on AIM and raises £7.8m towards surgical hub

Bosses from Sheffield healthcare firm One Health Group opened the London Stock Exchange on Thursday, marking the firm's admission to the AIM market.

Simultaneously, the provider of surgical services to the NHS has raised £7.3m via a share placing, and a further £480,000 through retail and open offers. The total net proceeds will now be used to fund, alongside existing cash, the group’s first owned surgical hub.

That facility is expected to cost between £8m-£9m and will be operational within a year of construction starting. It is anticipated the hub will deliver revenue of between £6m-£9m each year.

One Health was set up in 2004 and provides NHS care for patients who are referred for treatment in orthopaedics, spine, general surgery and gynaecology. The firm - which works with more than 100 professionals across nine independent hospitals and 37 outreach clinics - had been trading on the AQSE Exchange since November 2022.

As a key supplier to the NHS in West and South Yorkshire, North and South Lincolnshire, Derbyshire, Nottinghamshire and Leicestershire, One Health services are largely provided through NHS e-referral, which allows NHS patients to choose the date and time of their appointments when referred by their GP.

Adam Binns, chief executive officer of One Health, said: "I am delighted to announce One Health's admission to AIM. This is a pivotal step in advancing our mission to provide NHS-aligned healthcare through patient choice and our scalable surgical hubs and patient centric service. This milestone, bolstered by a successful capital raising and strong institutional investor confidence, will enable strategic expansion while maintaining our commitment to reducing patient waiting times and delivering clinical excellence with sustainable growth.