Business
Physitrack Announces Agreement with Lleading Swiss Healthcare Organisation
LONDON, UK / ACCESS Newswire / March 10, 2026 / Physitrack PLC (STO:PTRK) has reached an agreement with a major Swiss Health Care organisation. The deal is worth 149,985 CHF (approximately 156,000 EUR), equivalent to 37,497 CHF (approximately 39,000 ...
About this update from Physitrack Limited
[{"type":"text","content":"LONDON, UK / ACCESS Newswire / March 10, 2026 / Physitrack PLC (STO:PTRK) has reached an agreement with a major Swiss Health Care organisation. The deal is worth 149,985 CHF (approximately 156,000 EUR), equivalent to 37,497 CHF (approximately 39,000 EUR) in annual recurring subscription revenue (ARR)","length":301,"tagName":"p"},{"type":"text","content":"Physitrack PLC today announces a new commercial agreement with a leading independent hospital group in the Switzerland to support the delivery of high-quality private healthcare services across its nationwide network of hospitals and clinics.","length":242,"tagName":"p"},{"type":"text","content":"The deal covers a 4-year period for a total of 149,985 CHF (approximately 156,000 EUR), equivalent to 37,497 CHF (approximately 39,000 EUR) in annual recurring subscription revenue (ARR), with revenue recognition expected to commence in Q1 2026.","length":245,"tagName":"p"},{"type":"text","content":"Subsequent phases of the agreement, expected to commence in future quarters, may include expanded scope towards Practice Management System ('PMS') / Electronic Medical Record ('EMR') integration for one-time and recurring revenue.","length":246,"tagName":"p"},{"type":"text","content":"Under the agreement, Physitrack will provide exercise prescription software for up to 150 practitioners, enabling the customer to:","length":130,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Achieve consistency in the quality of exercise prescription across the full group","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Enable patients to consume practitioner led exercise prescription in a digital application","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Support data-driven decision-making in regards to patient engagement and outcomes","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhance service efficiency through time saved","length":45,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":297,"olType":false},{"type":"text","content":"The solution supports patients, practitioners, service and operational leads, through the provision of best in class exercise prescription.","length":139,"tagName":"p"},{"type":"text","content":""We are pleased to announce this agreement, which further demonstrates the stren...