Alcidion Group Limited

ASX:ALC

Alcidion Group Limited

ASX:ALC
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Reports (14) My Report Forum Investors
Forum Topics ALC ALC ASX Announcements 3

Pinned straw:
Magneto
Added 2 months ago

·       January 2026 – preferred EPR supplier by Univeristy Hospitals Sussex NHS Foundation Trust. Total contract value (TCV) is under negotiation, anticipated to be in excess of A$35m depending on the number of modules included, over a minimum 7 year period. https://announcements.asx.com.au/asxpdf/20260108/pdf/06v29jh6xgb7lr.pdf

·       November 2025 – contract expansion for additional software modules from Miya precision to enable Leidos to deliver further solution components to the Commonwealth of Australia. Total contract value (TCV) to Alcidion is $12.3M over the period to June 2028 (approx. 2.7 years) Expect to recognise between $5.5- $6.5m of this revenue in FY26. https://announcements.asx.com.au/asxpdf/20251117/pdf/06s1zwqtqx8mh7.pdf

·       September 2025 – expands contract with North Cumbria Integrated Care NHS Foundation Trust to delivr MediViewer from our partner Mizaic. Total contract value is ~$6.8m over ~9.4years, aligining with existing 10 year contract. https://announcements.asx.com.au/asxpdf/20250923/pdf/06pjn649vk8bl7.pdf

·       February 2025 – has secured a long term contract with North Cumbria Integrated Care NHS foundation. Total contract value (TCV) of ~$37.5m over a term of 10 years with option extend. Deployment to begin immediately, with $8.0m -$9.0m expected to be recognised in FY25. https://announcements.asx.com.au/asxpdf/20250221/pdf/06frwfwl5njz37.pdf

·       February 2025 – contract with Hywel Dda University Board in Wales for the provision of its Miya Precision Platform. Total contract Value (TCV) is $5.5m over a term of five years, withan option to extend for seven years, increasing the TCV to $7.7m. https://announcements.asx.com.au/asxpdf/20250211/pdf/06fcz73kdz7hyn.pdf

·       November 2024 – contract with Peninsula Health for use of its Miya Precision platform. Total contract value (TCV) is $3.7m and is structed over a total term of five years. Peninsula Health is a major public health service, providing a broad spectrum of care services across the Frankston and the Morning Peninsula communities in Victoria, Australia. https://announcements.asx.com.au/asxpdf/20241121/pdf/06bp6jspdglw74.pdf

·       November 2024 – Contract with Northern Adelaide Local Health Network (NALHN), a portfolio of the South Australian Department for Health and Wellbeing, for use of its Miya Precision and mobile clinical task management solutions. The total contract value (TCL) is $4.5m over a five year period, structured as an initial two-year commitment with rights to extend out to five years. https://announcements.asx.com.au/asxpdf/20241114/pdf/06bcql6pv6y3tj.pdf

·       July 2024 – Preferred EPR Supplier by North Cumbria. Subject to successful negotiation it is anticipated to be a 10 year contract utilising the full Miya Precision product suite along with partner applications. Total Contract Value under negotiation, likely to be in the range of A$10-40M over 10 years. https://announcements.asx.com.au/asxpdf/20240724/pdf/065w3hqsc2hfhd.pdf

·       July 2024 - $4m over a 5 year period with Hume Rural Alliance (HRHA) for use of Miya Precision as an enterprise digital platform with a focus on patient flow and virtual care. https://announcements.asx.com.au/asxpdf/20240717/pdf/065npcgq6y2gzj.pdf

·       March 2024 - $3.4m contract extension with DGT NHS Trust for an additional 3 years for Miya Precision. https://announcements.asx.com.au/asxpdf/20240306/pdf/0616b9q5fr4hrt.pdf

*Refer previous straw for previous history on contracts
Bushmanpat
Added a month ago

ALC has announced this morning that they're buying the Kyra Flow products from Telstra Health. $3m up front with $1m earn out assessed over 12 months to be funded from existing cash of $15.1m FY26 revenue of $3.7m, 90% recurring and underlying EBITDA of $1.1m.

Opens new markets/clients, especially in QLD. Sounds good on the face of it.

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Tom73
Added a month ago

Webcast at 11:30am: Webinar Registration - Zoom

Alcidion has acquired Kyra (from Telstra Health) for A$3.0m upfront (FY26 EBITDA 2.7x) and A$1.0m earnout. The Kyra flow products are a proprietary suite of digital solutions that address patient flow and data access challenges across hospital inpatient and outpatient settings.

Adds customer base (Qld in particular) with 33 customers (only 2 current engaged), expand platform capability and earnings accretive.

I look forward to the webinar, but on the face of it this is a small dip into their large cash pile which offers solid financial and growth metrics.

Disc: I own RL

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Tom73
Added a month ago

Takeaways from the webinar:

  • This looks like a customer rather than tech acquisition, Kyra is old and embedded in 31 customers in Australia Alcidion does not serve and Kate would like to flip them to Miya Precision and expand the service offering.
  • The price is low in part because Telstra Health is exiting and Kyra is an on-premises software not cloud based, hence would require additional investment that they don’t see as warranted, but Alcidion is in a position to either update Kyra and merge the platforms (unlikely given tech debt) or more likely just transition customers over to Miya Precision over time.
  • Kate seemed cagy regarding how Alcidion may “work with” Telstra Health as they exit all but their billing products. I have the impression they are in on-going discussions with Telstra Health about additional acquisitions.


Conclusion: This is a low cost, low risk acquisition with good customer expansion opportunities so I see little downside risk and good upside opportunities as a result.

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