Daily Roundup

Pro Medicus Lands $24M Cloud Deal with US Clinic

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

Advanced Braking Technology Posts Strong Quarter

Advanced Braking Technology delivered solid results for the first quarter of FY27, with product sales revenue climbing 8.3% to $5.63 million compared to the prior year period. The company also improved its normalised gross margin to 50.8%, up from 49.1% previously. Cash reserves grew to $7.3 million, bolstered by strong customer receipts and a $0.68 million R&D tax incentive refund. The company continues to make progress on international expansion and validation of its BRAKEiQ technology. Looking ahead, management remains upbeat about end-market conditions, with mining operators continuing to prioritise fleet safety and asset productivity.

RAS Technology to Be Acquired by The PA

RAS Technology Holdings has agreed to be acquired by The Press Association Limited in an all-cash deal worth $1.04 per share—a substantial 93% premium to the company's last closing price. The binding Scheme Implementation Deed has received unanimous board backing, subject to shareholder and court approval. The PA plans to fund the acquisition through a combination of existing cash and committed debt financing, with implementation expected in February 2027. The merger will combine RAS's racing data and wagering technology with The PA's racing and betting data business, creating a more comprehensive offering for customers.

Arena REIT Lifts Distribution Outlook

Arena REIT has upgraded its FY2027 distribution guidance to a range of 19.0 to 20.2 cents per security, up from the previous guidance of at least 18.0 cents. The increase reflects progress in resolving the company's Edge portfolio. The lower end of the range assumes rent collection from 27 Edge properties, business sale agreements, and new leases, while the upper end is contingent on completion of the Goodstart transaction and other announced deals.

New Hope and Malabar to Merge

New Hope Corporation and Malabar Resources have announced plans to combine through a court-approved scheme of arrangement. Malabar shareholders will receive 0.500 New Hope shares for each share they hold, valuing Malabar at approximately $1.8 billion. The combined group is expected to have a pro forma market capitalisation of around $6.3 billion and will produce up to 19 million tonnes of saleable coal annually, positioning it as a leading low-cost producer. Both boards have unanimously backed the deal, which is expected to complete by March 2027, pending shareholder and regulatory approvals.