Australia's Singular Health soars on deal to rollout software

Singular Health

20/11/2024 03:23

Nov 20 (Reuters) -    ** Shares of medical co Singular
Health  SHG.AX  rise as much as 53.9% to A$0.14, posting their
biggest intraday percent gain since Feb. 1
    ** Stock hits highest level since March 15
    ** Co signs a memorandum of understanding with Provider
Network Solutions (PNS), a healthcare services provider
    ** Says deal to collaborate on the rollout of co's 3Dicom
software using PNS' network
    ** 3Dicom software is used for various purposes including
viewing medical images such as MRI scans and CT scans
    ** SHG successfully completes equity placement of A$3.7
million ($2.4 million) at A$0.09 per share, same as co's last
close
    ** Says placement funds will be used for further development
of its 3Dicom software
    ** Stock has risen 139.5% this year, as of last close


($1 = 1.5312 Australian dollars)

 (Reporting by Nichiket  Sunil)
 ((Nichiket.Sunil@thomsonreuters.com;))