Alcidion Group Limited Signs Contract Extension For Support Services To ACT Health

  • Dec 19, 2018 AEDT
  • Team Kalkine
Alcidion Group Limited Signs Contract Extension For Support Services To ACT Health

For two years, the company has announced that its subsidiary MKM Health has renewed its ongoing support contract with ACT Health. From January 1, 2019, to December 31, 2020, the contract will run, and the contract extension is valued at $1.27 million. For a range of third-party products, MKM Health products, custom built solutions, expert advisory services, technical services, and integration support the two-year extension will see the MKM Health team provide continuing support.

Kate Quirke CEO of Alcidion said ‘Providing technical support and integration services to ACT Health for well over a decade MKM Health has had a long-standing relationship. They see a lot of change and innovation in healthcare information technology, and it is extremely pleasing that they continue to grow this partnership with one of their most important customers.

Using a local SaaS deployment managed by NextGate Solutions Inc to establish a Queensland wide Referral Service Directory, the company has secured a major contract with Queensland Health as announced today for its subsidiary MKM Health. To establish a central point of reference for external referrals for participating Hospital and Health Services the contract uses NextGate’s Provider Registry software with Queensland Health.

From a financial point of view, the company’s unaudited pro forma revenues for FY2018 were $12.7 million i.e., financials for the previous financial year adjusted to illustrate the impact of a full year contribution from the acquired businesses. The company’s net loss for FY2018 on an unaudited pro forma basis was $1.6 million, however this included one off M&A costs of $1.0 million and $675,000 in other one-off additional expenses.

Alcidion Group Limited (ASX: ALC) traded 2.174% higher as on 19 December 2018 and the traded at $0.047 under the health care sector. The stock price has seen a performance change of 4.55% over the past 12 months. At the current market price, the market capitalization of the stock is $37.06 million. The stock’s 52-week high was $0.065 and 52-week low was $0.034.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.



All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK