Mach7 Technologies Limited (ASX:M7T) has secured a AU$10.2 million, five-year renewal agreement with Sentara Healthcare, a prominent health system in the Mid-Atlantic and Southeast of the United States. The renewed subscription covers Mach7's Enterprise Imaging Platform and eUnity Diagnostic Viewer, with an Annual Recurring Revenue (ARR) doubling to approximately AU$2.0 million.
This extension, effective from January 1, 2024, signifies a strong, enduring partnership with Sentara, emphasizing Mach7's ability to address intricate healthcare workflows across various locations and settings. The CEO, Mike Lampron, underscores the significance of longstanding relationships and the company's commitment to enhancing Sentara Healthcare's capabilities in Virginia and North Carolina. The contract holds potential for increased ARR if volume exceeds minimum requirements, reflecting Mach7's robust pipeline across diverse geographies and product offerings.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
