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UpgradeOHG has today released its financial results for the year 2025 and reports turnover of £28.4m (FY24: £23m), an organic increase of 23 per cent, and pre-tax profits of £1.5m (FY24: £1.1m).
Adam Binns, chief executive officer, said:
“The whole team have delivered an exceptional year with multiple records established in key operational and financial measures across the organisation.
In addition to a significant uplift in direct referrals from NHS patients exercising their statutory right to choose One Health as their provider of care through ‘Patient Choice’ after visiting their GP, we have continued to support five individual NHS Trusts’ with their internal patient waiting lists, further reducing the pressure on the NHS.
Amongst several highlights in the year was a successful listing on AIM in March raising £7.8m, with net proceeds to the group of circa £5m and £2.2m gross proceeds to selling shareholders.
This funding will be used to develop our first surgical hub, a key part of our mid to long term growth strategy to deliver strategic surgical capacity growth in underserved areas, with planning feedback expected shortly.”
The group adds it now has more operating theatre capacity and a record number of new surgeons applying to provide their services. This has enabled it to provide services to a wider community of NHS patients.
During the year, a total of 7,043 surgical procedures were delivered for NHS patients (FY24: 6,169) a 14 per cent increase, delivered through nine independent hospitals.
And 80 NHS Consultants provided their services to the group over the year, an increase of 27 per cent (FY24: 63).
One Health says it established five-year contracts with its largest NHS commissioners representing about 70 per cent of revenue, moving away from the historic annual renewal process and de-risking future revenue streams.
It also highlights the new agreement between the NHS and independent sector announced on 6 January 2025 to help tackle waiting lists and actively promote “greater patient choice”, with the NHS increasingly looking to independent providers for additional support.
One Health Group utilises specialist consultants and healthcare managers working together to provide the best possible diagnosis and treatment for our patients.
