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Mach7 Technologies Ltd.Mach7 Technologies Ltd.Mach7 Technologies Ltd.

Mach7 Technologies Ltd.

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$M7T - MACH7 TECHNOLOGIES - Running well. Up 350% since April.M7T is a company I like the idea of a a software and services provider into the medical space. They have had a great run up to and post their signing up Advocate Aurora Health (AAH), an integrated healthcare network headquartered in Milwaukee, Wisconsin. The agreement has a minimum total contract value of A$5.7 million across a five-year term. AAH has contracted with Mach7 for its Enterprise Imaging Platform to store and manage images across its healthcare network. Along with the Mach7 Platform, AAH also purchased the migration engine to migrate ~3.5 petabytes of data. This deal is one of Mach7’s largest to date within the US demonstrating that Mach7 has an increasing influence and market share in the US market. As I post this there are currently 158 buyers for 1,337,235 units vs 33 sellers for 324,960 units and the stock is up around 13%. Demand is there, but some kind of consolidation / pullback can't be too far away either. About Advocate Aurora Health: AAH is one of the 10 largest not-for-profit integrated health systems in the United States, encompassing 28 hospitals, 500 outpatient locations, and 68 Walgreen’s clinics across the states of Wisconsin and Illinois. About Mach7 Technologies: Mach7 Technologies (ASX:M7T) develops innovative data management solutions that create a clear and complete view of the patient to inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes. Mach7’s award-winning enterprise imaging platform provides a vendor neutral foundation for unstructured data consolidation and communication to power interoperability and enables healthcare enterprises to build their best-of-breed clinical ecosystems. Mach7’s sophisticated workflow tools, advanced clinical viewing and optimized vendor neutral archiving solutions unlock silos of legacy systems empowering healthcare providers to own, access and share patient data without boundaries.
ASX:M7TLong
by zAngus
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