Mach7 Technologies (ASX:M7T) receives purchase orders for its PACS Solution

Highlights

  • Mach7 Technologies Limited has received purchase orders for its Mach7 Enterprise Imaging Platform, eUnity Diagnostic Viewer, eUnity Enterprise Viewer, and Mach7 Universal Worklist from Trinity Health.
  • The recent purchase orders follow the 7-year contract Mach7 signed with Trinity for the eUnity Enterprise Viewer, announced to ASX on 13 November last year.
  • Today, the stock M7T closed strong at AU$1.020 per share, up 2.512% over the previous close.

ASX-listed Mach7 Technologies Limited (ASX:M7T) has received purchase orders for its Mach7 Enterprise Imaging Platform, eUnity Diagnostic Viewer, eUnity Enterprise Viewer, and Mach7 Universal Worklist from Trinity Health.

The Company which designs and develops healthcare software solutions revealed this via an ASX announcement today. Mach7 stated that the initial purchase orders have a combined value of AU$3.6 million for software and services, which is expected to be recognised in the current financial year.

In addition, following the software being deployed in the live environment at Trinity, the purchase orders will contribute an additional AU$3.8 million in support fees over the next seven years, taking the total contract value of this initial order to $7.4 million, said the Company.

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The recent purchase orders follow the 7-year contract Mach7 signed with Trinity for the eUnity Enterprise Viewer, announced to ASX on 13 November last year. With the purchase of the Mach7 Platform, Diagnostic Viewer and Worklist, Mach7 will now be supplying Trinity with a complete diagnostic PACS solution that supports their Unified Clinical Imaging Platform (UCIP) strategy. The total maximum value of the PACS solution (all components) is $15.6M over seven years (including the previously announced Enterprise Viewer contract).

Trinity Health is a leading multi-institutional Catholic health care delivery system in the United States, which serves over 30 million people across 22 states.

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Bottom Line:

The purchase order received by M7T indicates the trust and credibility the Company enjoys in the healthcare sector. Besides, Mach7 is Augmenting and expanding its Enterprise Imaging Solution through innovative and collaborative partnerships designed to provide elevated value to healthcare providers across the globe.

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