Austco Healthcare signs major US supplier agreement
Key points
- Renewed preferred supplier agreement with a major US healthcare provider
- Includes ongoing supply and support of Tacera IP Nurse Call systems to ~180 facilities
- Builds on a past 5-year agreement that generated over A$49 million in revenue
Full summary
Austco Healthcare Limited (ASX: AHC) has announced that its wholly owned US subsidiary, Austco Marketing and Services (USA) Ltd, has renewed the Purchase and Maintenance Agreement with one of the largest healthcare service providers in the United States. Under the agreement, Austco will continue delivering its industry-leading Tacera IP Nurse Call system and Tacera Pulse software platform to approximately 180 hospitals across more than 30 US states. This renewed and expanded contract reflects the ongoing commitment between Austco and its largest customer. The Tacera Pulse platform empowers healthcare facilities to monitor alarms, analyze response data, and track key performance indicators (KPIs), enabling improved patient care and operational efficiency. This agreement builds on the original agreement announced in 2020 and has generated over A$49 million in revenue for Austco over the past 5 years. The Company is also proactively responding to ongoing US-China tariff challenges by shifting production to contract manufacturers outside of China, with this transition expected to be completed within the next 2 to 3 months.
Outlook
The renewed agreement with the major US healthcare provider underscores the strength of Austco's technology, the value of its services, and the trust it has built with one of the largest healthcare providers in the US. This milestone aligns with the company's strategy to grow its presence in key global markets.
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