Australia's Mach7 jumps most in over 3 yrs on veterans health administration contract

Mach7 Technologies

03/07/2023 03:54

** Shares of Mach7 Technologies  M7T.AX  rise as much as
20.2% to A$0.745, set for best day since June 12, 2020, if gains
hold
    ** Medical imaging systems solution provider is selected for
veterans health administration contract     
    ** Co's shares hit highest level since Feb 10, 2023
    ** Under contract, co will provide its VNA and eUnity
Enterprise Diagnostic Viewer solutions to Veterans Health
Administration’s National Teleradiology Program
    ** Says phase I of contract has potential total contract
value of A$11.7 mln ($7.77 mln) with a potential to increase to
A$59.6 mln with Phase II 
    ** Shares of co up 8.8% YTD as of last close 
   


($1 = 1.5063 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))