Daily Roundup

Pro Medicus Lands $24M Cloud Deal with US Clinic

Pro Medicus has secured a substantial seven-year contract worth AUD $24 million with Billings Clinic in the United States. The deal will see the healthcare provider implement the company's Visage 7 imaging platform in the cloud, including the Viewer, Workflow, and Open Archive components. The rollout is scheduled for Q1 2027 and will also handle migration of legacy archives while integrating with Billings Clinic's existing electronic health record system.

Advanced Braking Technology Posts Strong Q1 Results

Advanced Braking Technology delivered solid performance in the first quarter of FY27, with product sales revenue climbing 8.3% to $5.63 million compared to the prior year. The company's normalised gross margin expanded to 50.8%, up from 49.1%, while its cash position strengthened to $7.3 million—boosted by strong customer receipts and a $0.68 million R&D tax incentive refund. The company continues making headway on international expansion and validation of its BRAKEiQ technology. Looking ahead, management remains upbeat about end-market conditions, with mining operators expected to maintain their focus on fleet safety and asset productivity.

RAS Technology to Be Acquired by The PA at $1.04 Per Share

RAS Technology Holdings has agreed to be acquired by The Press Association Limited in a transaction that values the company at a substantial premium. RAS shareholders will receive $1.04 per share—a 93% premium to the last closing price and an 80% premium to the 90-day volume weighted average price. The RAS Board has unanimously recommended the deal to shareholders, pending court and regulatory approvals. The PA plans to fund the acquisition through a mix of existing cash and committed debt financing, with implementation expected in February 2027. The combination will merge RAS's racing data and wagering technology with The PA's racing and betting data business.

Arena REIT Lifts Distribution Guidance

Arena REIT has upgraded its FY2027 distribution guidance to a range of 19.0 to 20.2 cents per security, representing an increase of between 5.6% and 12.2% from the previous guidance floor of 18.0 cents. The boost reflects progress on resolving the Edge portfolio, with the lower end of the range supported by rent collection from 27 Edge properties and new leases, while the upper end depends on completion of the Goodstart transaction and other announced deals.

New Hope and Malabar to Merge in Major Coal Sector Consolidation

New Hope Corporation and Malabar Resources have announced a merger that will create a powerhouse in the coal sector. Under the scheme of arrangement, Malabar shareholders will receive 0.500 New Hope shares for each Malabar share, valuing Malabar at approximately $1.8 billion. The combined entity will boast a pro forma market capitalisation of around $6.3 billion and is expected to produce up to 19 million tonnes per annum of saleable coal. Both boards have unanimously backed the deal, which is targeted for completion by March 2027, subject to shareholder and court approvals. The merger will position the combined group as a leading low-cost coal producer with enhanced global market exposure and operational synergies.