Oneview – The luck of the Irish

OneviewOneview Healthcare PLC (ONE) listed on the 17th March 2016 at $3.58 per share. Oneview is a Dublin based hospital software business with an emphasis on patient engagement. The company has raised capital to fund the global roll out of software to existing and potential clients. Appropriately, Oneview listed on St Patrick’s Day.

Oneview was spawned in 2008 by founder Mark McCloskey who had time to ponder his own lack of patient engagement after spending time in hospital.  The objective of the company is to produce better patient engagement and outcomes via case information, education and entertainment via an interactive screen on an adjustable arm.

If this is sounding a bit esoteric, visit the company website and watch the video.  Patient outcomes are the subject of increased surveillance by insurers, government and by the patients themselves. In the event that Oneview can demonstrate improved outcomes while saving money, the company is capable of a high organic global growth rate.

Oneview have over 1,000 installed beds and another 2,000 contracted. Hospitals already operational include Epworth Eastern in Victoria and Chris O’Brien Lifehouse in Sydney. The Children’s Hospital in Westmead Sydney is in progress.

ONE is currently trading around $4.30. This will be a news driven investment this year with further contract wins likely. Execution risk is a factor as clients are scattered around the globe; management will need to be on their game. The successful pursuit of critical mass is the first goal in this market. We have backed management, who we know well, to deliver. Target is well above our 15% minimum requirement at float price.