Australia's Global Health surges on three-contract win for NSW hospitals

Global Health

30/05/2022 03:13

** Shares of digital health solutions firm Global Health
 GLH.AX  climb as much as 3.6% to A$0.290, set for their third
straight session of gains
    ** Co secures three key contracts with Arcadia Healthcare,
Matilda Nepean Private Hospital and Waikiki Private Hospital in
New South Wales   urn:newsml:reuters.com:*:nASX4NDkZx
    ** Says contracts for the implementation of a range of
solutions including MasterCare Patient Administration System, In
Patient Electronic Medical Records, among others 
    ** Adds that the three contracts represent a collective
value of A$185,400 in annual recurring revenue and A$110,000 in
professional services 
    ** Stock down 20% this year, as of last close, vs a 2.8%
decrease in the benchmark S&P/ASX 200 index  .AXJO  

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))