InteliCare Expands Contract with Hardi Aged Care
Key points
- InteliCare's Blacktown facility expanded by 84 beds
- Hardi to deploy InteliCare's Nurse Call solution across six facilities
- Expansion represents a 13% increase in contract value
Full summary
InteliCare Holdings Ltd (ASX: ICR) announced an expansion of its commercial agreement with Hardi Aged Care. The Blacktown facility has been expanded by 84 beds, leading to an upgrade of the commercial agreement. Hardi also decided to deploy InteliCare's Nurse Call solution across all six of its residential aged care facilities. Deployments are underway at Blacktown and Manly Vale, with additional facilities to follow. This expansion represents a 13% increase in the contract value, with further potential as the remaining four facilities are deployed.
Guidance
13% increase in contract value; additional four facilities to be deployed
Outlook
The expansion and Nurse Call deployment are expected to strengthen recurring revenue and validate InteliCare's scalable aged care platform.
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