Openpay has today announced a deal with St John’s Hospitals to launch a BNPL option for elective surgeries in 3 of the Catholic healthcare provider’s hospitals in a first in the Australian BNPL space. The partnership will initially launch as a 6 month trial before a decision is made on a full roll out. The move encroaches on the private healthcare model with patients given a flexible payment option if and when they need care. The option builds on Openpay’s partnerships in other areas of health including optometry & dentistry. OPY also announced it would be accelerating its partnership with online healthcare & pet care booking company 1ST Group (1ST). The full roll-out is 3 months ahead of schedule following great feedback from users. Shares were trading marginally lower by 0.38% at the time of writing.
We like OPY, and continue to hold it in the Emerging Companies Portfolio
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