A$3.5M MOU signed for Florida Medicaid Imaging Repository

• Singular Health Group to design, deliver, and operate a Medical Imaging Data Repository for Florida Medicaid
• The project is funded by a US$3.0M (~AUD$4.17M) state appropriation, with Singular Health receiving ~85%
• The project aims to measure the impact of shared imaging on reducing duplicate scans and costs

Singular Health Group Limited (ASX: SHG) has entered into an amended and restated memorandum of understanding with Florida International University (FIU) for the delivery of a secure, interoperable Medical Imaging Data Repository supporting the Florida Medicaid program. The Repository is designed to meet HIPAA requirements and is intended to support providers serving Florida's Medicaid beneficiaries. The MOU follows the State of Florida's appropriation of US$3.0 million for the Repository under Local Funding Initiative Request (LFIR) #28322. The agreement is non-binding in nature, except that the parties are legally bound to enter into definitive binding agreements based on the minimum terms set out in the MOU and otherwise on terms to be agreed. It further sets out the proposed allocation of that funding between FIU (~15%) and Singular Health (~85%). The Repository is designed to enable authorized providers serving Florida Medicaid beneficiaries to locate, access, view, and share existing imaging across participating organizations, regardless of where the study was performed.

Singular Health expects to recognize its share of the funding in FY27. For context, Singular Health reported revenue of A$1.43 million in FY26.

Subject to successful deployment and demonstrated outcomes, Singular Health and FIU intend to seek ongoing annual funding comparable to, or potentially greater than, the initial US$3.0 million from Florida State and relevant authorities.