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 Montana. 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 the clinic's legacy archives while integrating with their electronic health record system.

Advanced Braking Technology Posts Strong Quarter

Advanced Braking Technology delivered solid results for Q1 FY27, with product sales revenue climbing 8.3% to $5.63 million compared to the same period last year. The company's normalised gross margin expanded to 50.8%, up from 49.1% previously. Cash on hand improved to $7.3 million, bolstered by strong customer receipts and a $0.68 million R&D tax incentive refund. The company continues making headway on international expansion and has validated its BRAKEiQ technology against ISO specifications. Looking ahead, the outlook remains constructive, with mining operators expected to keep prioritising fleet safety and asset productivity.

RAS Technology to Be Acquired by The PA at 93% Premium

RAS Technology Holdings has agreed to be acquired by The Press Association Limited in a deal valued at $1.04 per share—a striking 93% premium to the company's last closing price of $0.54. The binding Scheme Implementation Deed has earned unanimous board support, pending shareholder and court approval. The PA plans to fund the acquisition through 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, creating a more comprehensive offering for customers.

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, up from the previous floor of 18.0 cents. The improvement reflects progress resolving the Edge portfolio. The lower end assumes rent collection from 27 Edge properties, business sale agreements, and new leases, while the upper end hinges on completion of the Goodstart transaction and other announced deals.

New Hope and Malabar to Merge into Coal Powerhouse

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 held, valuing Malabar at approximately $1.8 billion. Both boards have unanimously backed the deal, which is expected to close by March 2027 pending regulatory and shareholder approvals. The combined entity will boast a pro forma market capitalisation of around $6.3 billion and is positioned to produce up to 19 million tonnes of saleable coal annually, solidifying its standing as a leading low-cost producer with enhanced global market exposure.