Physitrack Announces Strategic Restructure of Wellness Division to Focus on High-Margin SaaS Growth in 2026

About this update from Physitrack Limited

LONDON, UK / ACCESS Newswire / November 24, 2025 / Physitrack PLC (STO:PTRK) ("Physitrack") announces the continued restructuring of its Wellness division as part of the Group's strategy to focus on high-margin, recurring-revenue software in 2026. As part of this restructuring, the Group will exit human-intensive, lower-margin care operations in Wellness and focus on its core SaaS platforms in Physitrack and Champion Health. This includes the divestment of Fysiotest / Champion Health Nordics and the closure of all remaining clinics in Champion Health Plus. This strategy is a continuation of the work initiated in 2024 and 2025 to focus the Group, improve profitability and reinforce Physitrack as a SaaS-led business. The divestments and closures do not affect Physitrack's core SaaS platforms, where demand and growth opportunities remain strong heading into 2026. Summary highlights (pro forma YTD to 30 September 2025) Had the divestment and clinic closures taken effect from 1 January 2025: These changes strengthen the Group's financial profile, improve revenue visibility and support a more scalable, software-driven growth trajectory into 2026 and beyond. Intended divestment of Fysiotest AB / Champion Health NordicsPhysitrack has signed Heads of Terms with existing management for a potential divestment of Fysiotest Europa AB / Champion Health Nordics through a management buy-out. Completion, subject to contract, is targeted for the end of December 2025. Contracts relating to the Champion Health Swedish platform will remain with Physitrack's Champion Health business, with Nordic sales activities now led from London. As part of the finalisation of the SPA, Physitrack expects to enter into a reseller distribution agreement with existing management to continue selling the platform in the region.2) Champion Health Plus - closure of clinic operationsPhysitrack will close the remaining Champion Health Plus clinics and retain the asset-light elements of the business, including the National Network offering and the Nexa digital triage platform. The retained activities align fully with Physitrack's SaaS and digital health strategy, supporting scalable and margin-accretive growth. Management commentaryHenrik Molin, CEO and Co-founder of Physitrack, commented: "These actions complete the Wellness pivot to pure-play SaaS we started in 20...

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