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