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ASX:ALC

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Asia

Alcidion Group Secures Seven-Year Contract With University Hospitals Sussex NHS Foundation Trust; Shares Up 5%

Alcidion Group (ASX:ALC) secured a seven-year agreement with University Hospitals Sussex NHS Foundation Trust to deploy its electronic patient record platform, according to a Monday Australian bourse filing.The agreement is valued at around AU$35 million in total, with the possibility of increasing to AU$49 million over 10 years if additional modules such as emergency and patient administration systems are implemented, per the filing.The company will deploy its flagship modular Miya Precision platform, including Miya Observations and Assessments, and will introduce its virtual care solution in the United Kingdom for the first time to support remote monitoring and care delivery, the filing said.Revenue of around AU$8.5 million is expected to be recognized in the fiscal 2026, largely driven by an upfront license fee, with implementation beginning immediately, taking about 18 months, and a phased go-live targeted for June 2027, the filing added.Alcidion Group's shares jumped nearly 5% in recent Monday trade.

ASX:ALC
Asia

Alcidion Group to Acquire Kyra Flow Products From Telstra Health; Shares Up 6%

Alcidion Group (ASX:ALC) agreed to acquire the business and assets of Kyra Patient Flow Manager, Kyra Queue Manager, and Kyra IQ from Telstra Health, a subsidiary of Telstra Group (ASX:TLS), according to a Monday filing with the Australian bourse.The transaction involves a AU$3 million upfront payment and up to AU$1 million earn-out payment, subject to recurring revenue metrics, assessed over 12 months after completion, the filing said.Completion is expected to take place by the end of June, subject to the satisfaction of closing conditions, per the filing.Alcidion Group shares rose 6% in midday trade Monday.

ASX:ALCASX:TLS