Induction Healthcare is our bonkers valuation of the week
This healthcare technology play looks interesting but the valuation for a UK focused business, addresing a niche market, whose model remains commercially unproven looks bonkers
Induction Healthcare Group (LON:INHC) is a healthcare technology company focused on streamlining the delivery of care by healthcare professionals. It currently has two platforms, Induction Switch and MicroGuide, supporting healthcare professionals in multiple markets, including the UK, Ireland, Australia and South Africa, but not the largest market of them all in the US. Induction Switch is apparently the number one healthcare collaboration app in the UK, used by the majority of doctors within the NHS. The app helps more than 110,000 users increase productivity and enhance communication by securely sharing phone numbers and bleeps, bookmarks, documents and messages in a…