Daily Roundup

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Pro Medicus is expanding its cloud-based imaging footprint with a major new partnership. The company's U.S. subsidiary, Visage Imaging, has landed a 7-year, A$25 million contract with Valley Health, a six-hospital system based in Winchester, Virginia. The deal covers the full suite of Visage 7 solutions—including the Viewer, Workflow, Open Archive, and Cardiology Imaging—all running on the cloud. Valley Health will migrate its legacy PACS archive and integrate images into its electronic health record system, with rollout planned for Q1 2027. The transaction-based model offers potential upside, and Pro Medicus notes strong pipeline momentum across all market segments.

Credit Corp Group is making a significant move in the debt management space. The company has signed a binding agreement to acquire HSBC's Australian credit card run-off book for approximately A$150 million, subject to regulatory approval and expected to close in early 2027. The acquisition is substantial enough that Credit Corp has revised its FY27 guidance upwards. The company now expects PDL acquisitions between A$300–380 million, gross lending volumes of A$445–495 million, net profit after tax of A$112–120 million, and earnings per share of 164–176 cents. While the receivables will have a shorter duration than typical charged-off debt books, the deal is expected to meet Credit Corp's hurdle return.

Fisher & Paykel Healthcare is signaling strong momentum heading into its 2027 financial year. The medical device company projects first-half revenue of approximately A$1.24 billion and net profit of around A$280 million—representing 14% revenue growth and 24% profit growth compared to the same period last year. Looking further ahead, the company has updated its full-year outlook, expecting operating revenue between A$2.47–2.57 billion and net profit between A$525–565 million. Management anticipates an overall improvement in gross margin and is maintaining its assumptions about current global tariff rates and policies.

Janison Education Group has achieved a major international milestone. The edtech company has secured its first UK government contract, a landmark deal with the National Foundation for Educational Research (NFER) valued at approximately A$14.2 million over the initial four years. Janison will deliver Scotland's National Standardised Assessments and their Gaelic-medium equivalent, leveraging the company's adaptive assessment platform that's already proven successful with programs like NAPLAN and SMART. While the initial investment will impact operating EBITDA and cash reserves in FY27, Janison expects the contract to be margin accretive once it reaches steady-state delivery, reflecting the operating leverage of its platform model.

GQG Partners reported mixed results for the first half of 2026. The investment manager's funds under management stood at A$156 billion, though the company experienced net outflows of A$15.1 billion, partially offset by A$7.2 billion in investment performance gains. Net revenue declined 1.4% to A$397.2 million, while net operating income fell 1.7% to A$301.8 million compared to the same period last year. Despite the headwinds, GQG Partners maintained a strong balance sheet with high cash levels and no debt. The company declared a second-quarter dividend of A$0.0362 per share, representing a 90% payout ratio of distributable earnings, and net tangible assets per ordinary security increased to A$0.10 from A$0.08.