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Pro Medicus on a Roll with Major Contract Wins

Pro Medicus is having quite the day, landing two significant deals that underscore the growing demand for its cloud-based imaging solutions in North America. The healthcare IT company renewed its contract with Allegheny Health Network for another five years, securing A$28 million in the process. This marks the third time AHN has renewed with Pro Medicus, and the new deal sweetens the pot with the addition of Visage 7 Workflow and a transaction-based model that could deliver upside through increased minimums and fees.

Hot on the heels of that renewal, Pro Medicus also inked a fresh seven-year agreement worth A$16 million with TidalHealth. This contract is particularly noteworthy because it represents the company's expanding "Full Stack" solution—the entire Visage 7 platform, including Viewer, Workflow, Open Archive, and Cardiology Imaging, all delivered via the cloud. Implementation kicks off immediately, with a targeted go-live in Q1 2027.

In an interview, CEO Dr. Sam Hupert weighed in on what these wins mean for the company. He highlighted recent contract victories with Beth Israel Lahey Health, University of Maryland, and Tidal Health as evidence that sentiment is shifting after the market's initial skepticism about AI's impact on tech companies. Hupert also clarified the revenue timeline, noting that FY26 will see revenues more than double compared to FY24, but the real windfall arrives in FY27 when large implementations start flowing through. He expects a material step-up in transaction volumes in the first half of FY27, with significant contributions from Trinity, University of Colorado, and BayCare. The company has also made an investment in 4D Medical, signaling confidence in emerging imaging technologies.

Centrepoint Alliance Bolsters Queensland Presence

Centrepoint Alliance is expanding its footprint in Queensland through the acquisition of Cairns Wealth and Pinnacle Wealth's client books and employed advisers. The roughly A$3 million transaction strengthens Centrepoint's strategic alignment with Astute Financial Management and is expected to contribute A$0.60 to A$0.65 million in EBIT. The company funded the deal through a new A$10 million acquisition facility from National Australia Bank and anticipates the acquisition will be earnings accretive in FY27.

FOS Capital Secures Eastern Freeway Contract

FOS Capital's subsidiary Aldridge Traffic Systems has landed a A$0.5 million contract to supply ITS roadway lighting and control equipment for the NELP Eastern Freeway Upgrades project. It's the largest project for ATS since the company's acquisition in June 2025, featuring the newly-designed ATS High Mast Fitting and TST Traffic Smart City Technology. The win reflects solid momentum, and FOS Capital's total order book now stands at A$9 million as the company pursues its medium-term goal of increasing market share from 5% to 15%.

Ventia Locks in Long-Term Defence Work

Ventia Services Group has secured a five-year extension to manage the Australian Marine Complex-Common User Facility in Henderson, Western Australia, valued at approximately A$133 million. The extension commences in July 2027 and reinforces Ventia's role in managing critical infrastructure that supports both large-scale shipbuilding and Australia's sovereign Defence capabilities. The facility has become a key national hub since Ventia took over operations in mid-2022.

Paragon Care Navigates Infinity Group Fallout

Paragon Care has provided an update on its exposure to the Infinity Retail Pharmacy Group, which entered receivership. The company fully provisioned its Infinity exposure in the first half of FY26, but administrators' preliminary analysis suggests a potential recovery of A$11.7 million to A$15.8 million—representing 24% to 32.5% of the outstanding amount. Paragon has already received A$3.4 million from the ATO. Looking ahead, the company forecasts FY26 revenue of approximately A$3.7 billion with underlying EBITDA between A$95 million and A$100 million, including the Haju acquisition. Net debt is anticipated to sit between 2 to 2.5 times EBITDA.