Physitrack plc (PTRK.ST) has announced a five-year enterprise agreement valued at approximately £255k, including approximately £54k of first-year revenue, deploying 400+ licences across a UK private hospital group of more than 30 hospitals.
Highlights:
- Five-year contract valued at approximately £255k; approximately £54k first-year revenue (including a £36k PhysioTools-to-Physitrack upsell)
- 400+ Physitrack licences across 30+ hospitals
- Branded patient applications and EMR/PMS integration
- Phased migration and revenue recognition through 2026
An existing PhysioTools customer, the group has committed to an enterprise-wide deployment across its hospital network, with migration to the full Physitrack platform and revenue recognition occurring on a phased basis through 2026.
Henrik Molin, CEO and Founder of Physitrack plc, commented: “We are delighted to expand our significant footprint in the UK enterprise rehabilitation market with this deepened relationship with the UK arm of this international hospital group. What stands out is that this began as an existing partnership that grew into a five-year, enterprise-wide commitment. That is the business we are building — long-term partnerships that convert into durable recurring revenue.”
