InteliCare Retirement Living Deployment

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Stock Intelicare Holdings Ltd (ICR.ASX)
Release Time 23 Apr 2026, 10:09 a.m.
Price Sensitive Yes
 InteliCare Secures Retirement Living Deployment with Warrigal Care
Key Points
  • Three-year Master Subscription Agreement signed with Warrigal Care
  • Initial deployment at a new 65-villa retirement development
  • Projected total contract value of approximately $200,000
Full Summary

InteliCare Holdings Ltd (ASX: ICR), an Australian technology company commercializing its proprietary AI-driven InteliCare platform in the aged care sector, has entered into a Master Services Agreement (MSA) with Warrigal Care Limited, a not-for-profit provider of retirement living, residential aged care, and community services operating across New South Wales and the Australian Capital Territory. Under the three-year MSA, InteliCare will deploy its sensor-based monitoring solution across 65 two-bedroom retirement villas in a new Warrigal development, enabling the real-time monitoring of resident wellbeing, safety, and activity patterns. The agreement has an estimated total contract value of approximately $200,000, including subscription revenue, hardware costs, and implementation fees. The initial three-year subscription period includes the potential for annual renewals thereafter. Importantly, the agreement establishes a pathway for InteliCare to expand the deployment across Warrigal's broader network of retirement living and aged care facilities, which currently support approximately 700 residents across 10 retirement villages. This deployment represents InteliCare's first commercial deployment in the retirement village sector, which the company has identified as an important strategic growth market alongside residential aged care and in-home monitoring.

Guidance

The agreement has an estimated total contract value of approximately $200,000, which includes subscription revenue, hardware costs, and implementation fees. The initial three-year subscription period includes the potential for annual renewals thereafter.

Outlook

This deployment represents InteliCare's first commercial deployment in the retirement village sector, which the company has identified as an important strategic growth market alongside residential aged care and in-home monitoring. The retirement living sector is significant and growing, with ~250,000 Australians currently living across ~2,300 retirement villages nationally, and this growth is expected to accelerate as Australia's population aged 75+ is projected to double by 2050.