Australia's Beamtree rises on contract win in Saudi Arabia

Beamtree Holdings

27/05/2024 03:54

** Shares of healthcare technology co Beamtree  BMT.AX  up
6.67% to A$0.24, on track for its best day since May 10, if
gains hold
    ** Co says it won A$3.6 mln ($2.39 mln) contract with Middle
East healthcare provider, Dr Sulaiman Al Habib Medical Service
Group to use co's assisted coding audit quality assurance
technology, PICQ, and assessment of opportunities for automation
of clinical coding itself,leveraging co's proprietary RippleDown
technology
    ** 561,649 shares changed hands by 0245 GMT, 1.9 times the
30-day average volume of shares
    ** Stock has fallen 4.26% this year as of last close

($1 = 1.5081 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))