Global Health (ASX: GLH) ups growth momentum with two major contracts

3 min read | June 15, 2022 02:00 PM AEST | By Aditi Sarkar

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Global Health (ASX: GLH) ups growth momentum with two major contracts — Image source: © Alexandersikov | Megapixl.com

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Highlights

Global Health has inked two key contracts with Homeless Healthcare and Peninsula Health.

The contracts build on the healthcare firm’s momentum and existing relationships in Western Australia and Victoria.

The contracts have a combined worth of AU$249,033 in annual recurring revenue and AU$74,250 in professional services.

Australian healthcare software provider Global Health Limited (ASX:GLH) has strengthened its sales pipeline by securing two major contracts. The contracts have been signed with Homeless Healthcare and Peninsula Health for executing a range of MasterCare solutions, which include MasterCare Electronic Medical Records (EMR) and cloud hosting.

Global Health’s cloud hosting solution delivers a highly secure solution in data centres that are part of the Australian Government’s National Critical Infrastructure Program.

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Continuing the growth momentum

Homeless Healthcare is based in Western Australia, and Peninsula Health is based in Victoria. Contracts with these companies build on GLH’s momentum and relationships in these regions.

The contracts sum up to a combined value of AU$249,033 in annual recurring revenue and AU$74,250 in professional services. The new contracts also highlight the strong sales pipeline GLH has developed over the last 12 months and the strong support in the top healthcare solutions that Global Health offers its customers.

Homeless HealthCare is the largest primary healthcare service provider in Perth and works for homeless or marginally housed people. The new deal will see Homeless HealthCare utilise the MasterCare EMR and cloud hosted solution. Under the agreement, EMR will enable Homeless Healthcare to:

streamline patient workflows
practice management
manage intake and referral management
create care plans
collect consistent data for different state and national funding models

Peninsula Health is implementing a cloud hosting solution for its existing EMR capabilities to further expand its relations with Global Health.

Michael Davies, CEO of Global Health commented, “We are delighted to be supporting Homeless Healthcare a not-for-profit charity and building on our existing strong relationship with Peninsula Health.”

He added, “We’re thrilled that we can help them in their mission to deliver health care services to vulnerable members of the community in Western Australia. We’re excited to deliver a cloud hosted solution for Peninsula Health, an innovative and progressive community health care provider with whom we already work closely on their Electronic Medical Records (EMR) solution. MasterCare will provide these solutions to help deliver healthcare and improve accessibility to community, mental health, and outreach services across Australia.”

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At the time of writing, (15 JUN 10:24 AM AEST), shares of GLH were trading at AU$0.280.

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