Ireland’s Oneview Healthcare Plc lists on the Australian Securities Exchange
17th March 2016
Largest IPO in Australia in 2016
First Irish company to list on the Australian Securities Exchange (ASX)
Sydney, 17 March 2016: Today, one of the world’s rapidly growing healthcare software companies, Oneview Healthcare Plc (“Oneview”) will complete its initial public offering of securities and list on the Australian Securities Exchange (“ASX”), to help fund aggressive growth of its digital platform that is revolutionising patient care in Australia, the USA and the Middle East.
Founded in Dublin in 2008, the Irish-headquartered Oneview is a global software company which has revolutionised patient care by developing a platform which helps patients to take a more active role in their own care and facilitates communication between patients, clinical staff, and importantly, the patient’s family.
The inpatient platform, known as ‘Oneview Solution’, is installed in hospitals across Australia, the US, Middle East and Ireland.
The company has global aspirations and plans to use its initial public offering and listing on the ASX as a springboard to roll-out new technology in international markets.
Oneview Founder and Executive Director Mark McCloskey said Oneview’s technology delivers a range of compelling benefits to hospitals and patients, “The Oneview platform helps improve productivity, reduce waste and reduce costs for hospitals and at the same time helps deliver better clinical outcomes for patients while dramatically improving the experience for patients while they are in hospital.
“Our system is live and installed in 9 healthcare facilities – 3 in San Francisco; 3 in Australia; 2 in Dubai; 1 in Dublin – and the company is contracted to install in an additional 10 sites in Australia and the United States.
“We are delighted to have achieved this important milestone and to be successfully listed on the Australian Securities Exchange – the first ever Irish company to do so. For a company established in Dublin in 2008, we have come a long way in a short amount of time and today’s IPO will provide the launch pad for our company’s growth and expansion into new markets.”
Originally supported through investment from Enterprise Ireland, today the CEO of Enterprise Ireland, Julie Sinnamon, said: “A key focus of Enterprise Ireland is to support Irish companies to scale in international markets. Enterprise Ireland has been working with Oneview since 2008 and I warmly congratulate them on this exciting and historic occasion. As one of the leading global providers of patient engagement solutions for healthcare facilities, Oneview is a fantastic example of the type of innovative Irish companies that are making a real impact in global markets. I wish Oneview every success as they continue to grow and expand in international markets”.
Oneview will mark its listing on the ASX with a bell ringing ceremony at the ASX at 12.00pm local time (1am Irish time) on 17 March to be attended by the Irish Ambassador to Australia, Mr Noel White and the Irish Consul General Ms Jane Connolly.
The ASX listing of Oneview follows a successful initial public offering which raised AUD62.4 million. The securities of Oneview, which will trade through CHESS Depository Instruments (CDIs) under the ASX code (ASX: ONE), were offered at a price of AUD3.58 each, implying a market capitalisation of AUD208.5 million.
The IPO was fully underwritten by lead manager Moelis & Company.
About Oneview Healthcare
Oneview Healthcare’s innovative Patient Engagement and Clinical Workflow Solution seamlessly integrates a hospital’s IT system onto one high performance technology platform. It provides point-of-care access to those systems across all end user devices, including bedside terminal, TV, tablet and smart phone.
Through its services and applications, which include treatment education for patients, entertainment and interactive patient care services, Oneview enables hospitals to optimise patient engagement, clinical outcomes and workflow efficiencies – revolutionizing the patient experience.
This capability enables hospitals achieve quantifiable improvements across key performance areas resulting in; improved HCAHPS ratings, reduced re-admissions, meaningful use achievement, improved clinical outcomes and greater patient satisfaction.
The Oneview Healthcare Solution is now recognised globally as being one of the most innovative patient engagement products in the healthcare market. Testimony to this is the company’s partnerships with industry leaders worldwide including Hewlett Packard and Microsoft and its growing list of customers in the USA, Australia and the Middle East.
Oneview commenced operations in 2008 and has offices in Dublin, Pittsburgh, Atlanta, Dubai, Sydney and Melbourne. Oneview Healthcare is headquartered in Dublin, the location for all its R&D and software development.
For further information on Oneview Healthcare, please visit www.oneviewhealthcare.com