Thursday, 17 March 2016

Ireland’s Oneview Healthcare Plc lists on the Australian Securities Exchange


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.