29 March 2021
Hills continues its market leadership with exclusive distribution deal for next generation patient care
Hills Limited (ASX: HIL) is pleased to announce the signing of a three-year exclusive distribution agreement with GetWellNetwork, Inc, one of the world’s leading providers of patient engagement systems, as the Company expands its Hills Health Solutions executive and sales team to pursue growth opportunities.
Under the terms of the agreement, Hills will become the exclusive distributor of GetWellNetwork’s GetWell Loop and GetWell Inpatient products in Australia and New Zealand.
Hills first started working with GetWellNetwork in May 2019 as the sole distributor of the GetWell Inpatient product, which has been rolled out in the new Central Acute Services Building next to Westmead Hospital in Sydney, the new Calvary Adelaide Hospital and the Royal Hobart Hospital. In coming months, GetWell Inpatient will be installed in other hospitals and health care facilities in the Western Sydney Local Health District.
GetWell Loop and GetWell Inpatient are designed to integrate all patient engagement needs from pre-admission (such as appointment reminders and checklists), through to their stay in hospital (such as meals, entertainment and care management) and then post-discharge (such as appointment reminders and personalised medical care plans). The systems are integrated with electronic medical records and have demonstrated the ability to reduce hospital readmissions post discharge.
GetWellNetwork systems are installed in more than 600 facilities around the world, covering more than 75,000 beds and serving 10 million patients a year
17 Nov 20: Has been range trading since June between 14-18c. It has been trending up nicely and if it hold above 18c, it will be a good sign.
Management performance has been very poor for a number of years, culminating in an embarrassing forex los. But the stock has gone so low that value investors may be coming.
27-05-20 HIL WMI Ceasing (buying in February but selling since March)
Expect downward pressure on the price until Wilsons finishes selling out