'We have ambitious prospects': One Health's revenues rise as it invests in surgical hub
One Health Group delivered an increase in profits and revenues over the last financial year as it invests in a new surgical hub.
The Sheffield-headquartered company, which provides NHS-funded surgical procedures for patients referred from the NHS through a programme known as 'patient choice', revealed that in the year ended March 31 2026, revenue grew by 11 per cent to £31.6m while gross profit rose by 21 per cent to £6.5m.
One Health said the start of building work on its first surgical hub was a highlight of 2026.
It added: “This is a key milestone in accelerating our medium to long term growth strategy, building on continuing organic growth. The hub development programme, starting in Scunthorpe, North Lincolnshire, will expand surgical capacity in underserved areas where NHS patient demand is high, enabling faster access to care and improved patient outcomes.
"The purchase of land and development of the first hub is being funded from existing cash reserves, supplemented by the successful AIM IPO (Alternative Investment Market Initial Public Offering) in March 2025, which raised £7.8 million, generating net proceeds of £5.6 million for the business.”
"Our hub network development strategy is focused on geographies with limited or no existing surgical capacity, whether within NHS facilities or the independent sector, and where NHS patient demand is demonstrably strong,” the group said in a statement for investors.
“These areas typically have high levels of unmet need and are often less affluent, meaning patients are less likely to be able to access treatment through self pay routes or private medical insurance.”
In a statement to accompany the results, One Health Group also said NHS national waiting lists remained “very high” at 7.1 million at the end of March 2026, due to ongoing industrial action and record demand.
It added: “This continues to provide an opportunity for One Health as 95 per cent of activity is from new patients from GP referrals, not NHS patients already on waiting lists.”
"One Health’s revenue was derived from 29 (70 per cent) of England’s 42 ICBs (Integrated Care Board) as well as contracts directly with six local NHS trusts to transfer their internal patients from the national waiting list to One Health for faster treatment.
“The increased use of the independent sector is cited as one of the key actions to reduce NHS waiting lists in the ‘NHS 10-year Health plan for England’ published in July 2025.”
One Health said that “significant incremental surgical capacity” is expected to come on stream early in the 2027/28 financial year.
Extra locations are also being assessed in “underserved areas with high NHS demand” which might be suitable for surgical hubs, the group added.
Commenting on trading and the outlook, Adam Binns, Chief Executive Officer, said: “2026 marked our fifth consecutive year of growth.
"We have ambitious prospects, which have been further accelerated by the successful AIM IPO completed in March 2025.
"This has strengthened our ability to invest in additional owned and managed capacity, specifically the development of our first surgical hub.
"Following the considerable progress made during the year, One Health is well positioned to support the increasing demands of NHS commissioners and NHS patients through the delivery of more local healthcare, free at the point of use.”