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Austco (ASX:AHC) secures its biggest contract win of $7.4m for Canada’s St Paul’s Hospital

ASX News, Health Care
ASX:AHC      MCAP $63.92M
16 June 2023 13:30 (AEST)
Austco Healthcare (ASX:AHC) CEO, Clayton Astles

Source: Clayton Astles/LinkedIn

Austco Healthcare (AHC) has secured the largest contract win in its history, locking away a $7.4 million deal to aid the development of Canada’s new St Paul’s Hospital.

Through this contract, Austco will supply its industry-leading Tacera alarm management and clinical workflow solution to the new 548-bed hospital in Vancouver, B.C.

Austco Healthcare CEO Clayton Astles said the company was “thrilled” to have won the contract.

“We are confident in our ability to deliver exceptional results for St. Paul’s,” he said.

“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.

“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,” Mr Astles expressed.

Austco announced the contract includes more than 1100 full IP patient stations, 1200 clinical workflow terminals, and web service interfaces for EMR and RTLS systems integrations.

Construction of the new hospital has commenced and is expected to be completed in 2026.

The St Paul’s Hospital is designed to be a landmark healthcare facility in the region and one that will transform healthcare in Canada.

AHC shares were up 17.9 per cent and trading at 16.5 cents at 1:30 pm AEST.

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