Australia's Beamtree jumps on 7-mln software deal

Beamtree Holdings

10/05/2022 05:11

** Healthcare technology firm Beamtree Holdings  BMT.AX 
climbs as much as 17.7% to A$0.300
    ** Stock on track for its best session since Sept. 30, 2021,
if gains hold
    ** Co signs https://www.asx.com.au/asxpdf/20220510/pdf/458vhvytwndrzy.pdf
 $7 mln contract for its RippleDown software with Ampath, a
provider of pathology services in South Africa 
    ** RippleDown is co's proprietary software which automates
clinical and administrative process in healthcare 
    ** BMT says the contract is for a duration of five years
with an option for termination with three months' notice after
two years
    ** Stock hits highest level since May 3
    ** BMT down ~48% this year, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))