One Health Group (AIM:OHGR), an independent provider of NHS-funded surgical procedures, told shareholders ahead of its AGM today that trading in the early part of the year ending 31 March 2027 remains in line with management expectations.
Chairman Derek Bickerstaff said demand for NHS-funded elective care remains significant and the company is well placed to keep supporting patients in areas with low NHS provision.
Construction of the company's first surgical hub in Scunthorpe remains on track for completion within the one-year build period and within the original £8m to £9m cost estimate. The facility is expected to open in spring 2027.
Further sections of the roof have now been completed, moving the building towards being weather-tight ahead of autumn and winter.
Mechanical and electrical installation is progressing, including first-fix wiring and pipework, with multiple trades now working concurrently on site.
Once operational, the hub is intended to provide a high-volume model of NHS-funded elective surgery, adding capacity in an underserved region and giving patients greater access to treatment through Patient Choice.
"We anticipate continued growth in demand for our services from the NHS during FY 2027 and beyond, alongside the progression of our first surgical hub," Bickerstaff said.
The company expects to provide its next trading update, covering the six months ending 30 September, in late October.
News Intelligence what this means for the company
One Health Group confirmed at its AGM that its Scunthorpe surgical hub remains on schedule for spring 2027 opening and within its £8m–£9m budget, with construction now progressing through mechanical and electrical installation. Trading in early FY2027 is in line with management expectations, and the chairman flagged continued significant demand for NHS-funded elective care, positioning the company to grow as the hub comes online.
On-time, on-budget delivery of the first hub removes a key execution risk and validates the company's ability to scale its high-volume surgical model into new regions. The spring 2027 opening should begin converting the hub's capacity into revenue and EBITDA contribution in the second half of FY2027, supporting the growth trajectory management has signalled.
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