Oneview Healthcare plc has completed its Initial Public Offering and listed on the Australian Securities Exchange, raising AU$62.4 million (€42m). The securities of Oneview were offered at a price of AU$3.58 each, implying a market capitalisation of AU$208.5 million (€140m).

The company says it will use the funding for growth of its digital platform used for patient care in Australia, the USA and the Middle East.

Founded in Dublin in 2008, the Irish-headquartered Oneview helps patients to take a more active role in their own care and facilitates communication between patients, clinical staff and the patient’s family.

The inpatient platform, ‘Oneview Solution’, is installed in hospitals in Australia, the US, Middle East and Ireland.

According to founder Mark McCloskey: “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.

In Association with

“Our system is live and installed in nine 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.”

Oneview’s boss is Australian national James Fitter, who became CEO three years ago.

Photo: Oneview Healthcare founder Mark McCloskey (left) with CEO James Fitter