Opal HealthCare signs Master Services Agreement for Swift TV

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Stock Swift Networks Group Ltd (SW1.ASX)
Release Time 19 Sep 2025, 9:20 a.m.
Price Sensitive Yes
 Australia's Largest Aged Care Provider Orders Swift TV
Key Points
  • Opal HealthCare signs Master Services Agreement for Swift TV
  • Swift TV to integrate into Opal HealthCare's proprietary systems
  • Minimum revenue per site of $80,000 over 36-month term
Full Summary

Swift Networks Group Ltd announced that Australia's largest aged care provider, Opal HealthCare, has signed a Master Services Agreement for Swift's new connected TV product, Swift TV, which will be launched in early 2026. Opal HealthCare has a national portfolio of 142 Residential Care Communities serving over 13,000 residents across Australia. The agreement will initially cover 562 screens across four Opal HealthCare Care Communities, including their two newest developments, Epping Grand Care Community and Croydon Grove Care Community. As part of the partnership, Swift and Opal HealthCare will integrate Swift TV with Opal HealthCare's proprietary management software, bringing personalized content, menus, and activity schedules directly to residents' TVs. Swift TV has been designed to support providers with upcoming changes, including the Higher Everyday Living Fee (HELF) within the new Aged Care legislation effective 1 November 2025. Swift TV provides integrated engagement and information services to all community residents, with the option for residents to subscribe for Swift's entertainment content as part of a HELF package.

Guidance

The Master Services Agreement with Opal HealthCare is expected to generate a minimum revenue of $80,000 per site over the 36-month term, based on a 100-room Care Community.

Outlook

Swift CEO Brian Mangano commented that the partnership with Opal HealthCare is a very exciting moment for the company, as Swift TV is set to transform the market for in-room entertainment and engagement experiences and drive accelerated growth for the company in FY26.