Oneview Healthcare PLC will undertake a strategic reorganisation to ensure its cost base is better aligned with expected levels of recurring revenue and gross margin. The reorganisation will include a reduction in headcount of approximately 40 staff, which would bring total full-time headcount to 68. This follows the announcement on 11 November 2019 that commercial negotiations with a major Senior Living operator in the Australian market for the development of a care management solution had reached an impasse. This decision has also negatively impacted on ability to deliver a proposed solution for Christian Living Communities in the United States. The reorganisation is expected to lead to a reduction of approximately 47% in average quarterly staff costs. Average quarterly staff costs for 2019 were €3.9 million. Quarterly staff costs from Second Quarter 2020 will be approximately €2.1 million. The one-off costs of the redundancies are estimated to be €791,000.