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Update: Healius Signs National Agreement Framework With Ramsay Health Care; Shares Up 6%

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(Updates to add stock movement in the headline and the last paragraph)

Healius (ASX:HLS) entered into a national agreement framework with subsidiaries of Ramsay Health Care (ASX:RHC), effective Wednesday, according to an Australian bourse filing on June 26 after market hours.

The framework replaces existing pathology leases and service arrangements with standardized agreements across 13 Ramsay-operated hospitals in New South Wales, Victoria, Queensland and Western Australia, per the filing.

The new contracts, with initial terms of two to five years, are expected to generate around AU$45 million in annual revenue, subject to stable customer demand and economic conditions, the filing added.

Healius' shares rose past 6% in recent Monday trade, while Ramsay Health Care gained 2%.

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