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Austco Secure $7.4m Healthcare Communications Contract

16 June 2023 11:50

Austco Healthcare continues its recent streak of wins, with the Company’s Canadian Marketing and Service subsidiary securing a massive AUD$7.4 million dollar contract to supply its industry-leading clinical communications system, Tacera to the under-construction St. Paul’s Hospital in Vancouver, Canada.

First Prize

The contract represents the largest win in the Company’s history and will see Austco providing over 1100 full IP patient stations, 1200 clinical workflow terminals, and web service interfaces for EMR and RTLS systems integrations to hospital and health campuses.

Austco’s system will ensure that the hospital’s staff are well informed by allowing critical messages, including medical emergency notifications, to be delivered quickly through application systems installed throughout the facility.

The system will also greatly benefit patients as well, with two-way audio systems installed across the 548-bed facility allowing patients to connect to healthcare personnel in real-time, improving workflow, driving efficiencies, and reducing risk.

Construction of the landmark facility is already underway and is expected to open its doors in 2026, with Austco expecting revenue recognition to begin within this financial year.

Gaining Momentum

Designed to meet the future health needs of patients, families, and the community at large by combining critical, emergency, surgical, and acute hospital-based care with community and primary care, St. Paul’s is set to be a landmark facility in Canada’s healthcare system, and Austco securing this highly competitive contract only further demonstrates the Company’s growth potential.

This is the second multi-million dollar contract the Company has secured in under a month, having locked in a similar AUD$ 3.9 million dollar contract to provide Tacera to the under-construction 192-bed Maple View aged-care facility in Ontario late last month.

As the Company’s international profile grows, it’s also putting in work to develop its sales pipeline domestically, by acquiring Healthcare and Security Communications Business, Teknocorp to fast-track plans to build a direct sales capability in Australia and allow it to expand its offering to Australian hospitals and aged care providers.

Looking Forward

The Company said that it is pleased to have won this highly competitive contract, which aligns with its mission and values.

“We are confident in our ability to deliver exceptional results for St. Paul’s. This was a competitive selection process, and Austco was the successful bidder based on our advanced technology and experienced team of professionals dedicated to delivering exceptional results,” Chief Executive Clayton Astles said.

“This is the largest contract win in the Company’s history and demonstrates our growing sales momentum and the increasing reputation of our flagship product, Tacera, as the most advanced clinical workflow solution available today.”

AHC’s Australian Stock Exchange-listed share price has risen 17.85 per cent today, currently selling at 16.5c (11:29 am UTC+ 8 hours).

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