Daily Roundup

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Tyro Payments Proposes to Acquire Smartpay

Tyro Payments has made a move to expand its footprint, issuing a non-binding indicative offer to acquire 100% of Smartpay Holdings Limited. The proposed deal would see Tyro acquire Smartpay's shares at NZ$1.00 (around A$0.90) per share, with the consideration comprising mostly Tyro shares along with a cash component.

Smartpay has confirmed receiving this proposal from Tyro, as well as a separate offer from an international strategic party to also acquire the company in its entirety. Both proposals are preliminary and highly conditional, requiring satisfactory due diligence and definitive transaction documentation.

To assess the merits of each offer, Smartpay has decided to grant limited, non-exclusive access to both Tyro and the other interested party to conduct initial commercial due diligence. Reciprocal due diligence will also be undertaken on Tyro given the share-based nature of its proposal.

Global Health Secures $1 Million MasterCare Contract with Youturn

In other news, Global Health Ltd has signed a significant $1 million contract over 3 years with Youturn, a leading community organization. The agreement includes options for two 3-year extensions and will see Global Health deploy its suite of digital healthcare solutions, including MasterCare+, HotHealth, and ReferralNet, across Youturn's services nationwide.

This partnership underscores Global Health's commitment to driving workflow productivity and enabling clinicians to spend more time supporting vulnerable individuals with mental health challenges. The deployment will reach over 200 users across 12 healthcare service organizations operated by Youturn.

Ramelius and Spartan Announce Transformational Combination

Ramelius Resources and Spartan Resources have unveiled plans for a transformational combination, with Ramelius set to acquire all of Spartan's shares. The transaction, to be implemented via a Scheme of Arrangement or Takeover Offer, is expected to deliver significant benefits to shareholders of both companies.

The combined entity will create a leading mid-tier Australian gold producer with a supercharged growth profile and exceptional exploration potential. The vision is to increase production to over 500,000 ounces per year by 2030, leveraging Spartan's excess processing capacity and high-grade mineral resources alongside Ramelius' large resource base and proven operational expertise.

Austco Healthcare Reports Record First-Half Performance

Rounding out the day's announcements, Austco Healthcare Ltd has delivered exceptional financial results for the first half of the 2025 fiscal year. The company reported record revenue of $36.9 million, representing a 62% surge compared to the prior corresponding period.

This strong performance was underpinned by the successful integration of two recent acquisitions, as well as robust organic growth in Asia and North America. Austco also saw a 15% increase in its high-margin software and subscription revenues, highlighting the success of its innovation-driven strategy.

With EBITDA up 150% to $5.2 million and net profit before tax growing by 270% to $3.9 million, Austco has exceeded the top end of its guidance. The company remains debt-free with a healthy cash balance, positioning it well for continued growth and value creation.