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MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2021
Aug 2, 2021
65285_rns_2021-08-02_41ee3e0e-dd94-4889-b13d-6ec7d844589a.pdf
Capital/Financing Update
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ASX Announcement
Mach7 Licenses eUnity Viewer to St. Luke’s, Boise
Melbourne, Australia; 3 August 2021 : Mach7 Technologies Limited (“Mach7” or the “Company”) (ASX:M7T), a company specialising in innovative medical imaging solutions for healthcare providers, today announced it has licensed its eUnity universal viewing solution to St. Luke’s Health System for St. Luke’s Boise Medical Centre.
The license contract is valued at $443,000 for the first year, which includes a software license fee, professional services, and one year of annual support. The contract has the option for annual renewals of $389,000 (per year) for an additional five years, increasing the total contract value to $2.4 million.
St. Luke’s Boise sought an enterprise viewing solution to help solve complex workflow challenges. After careful evaluation, they determined Mach7’s eUnity Enterprise Viewer has the most flexible capabilities to serve their varied workflow needs.
“I am delighted to begin our partnership with St. Luke’s Boise, who is Idaho’s largest health care provider and the flagship of St. Luke’s Health System. I look forward to the positive impact that the eUnity software will have for the clinicians across the entire St. Luke’s enterprise,” commented Mike Lampron, CEO of Mach7.
This agreement reinforces the potential for the eUnity product to accelerate the scale of Mach7’s annual recurring revenue business. Together with the Advocate Aurora sales order of $4.3 million announced on 19 July 2021, this contract provides for a strong first quarter sales result, and builds on the sales momentum reported across FY21.
About St Luke’s Health System:
St. Luke's Boise Medical Center in Boise, Idaho, is a 437-bed hospital founded in 1902 by James Bowen Funsten, bishop of the Episcopal Diocese of Idaho. The hospital is part of St. Luke's Health System, a regional healthcare system with six hospitals and more than 200 clinics staffed by roughly 14,000 employees.
This announcement has been approved for lodgment by the Company Secretary.
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 bestof-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. Visit Mach7t.com.
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Mach7 Technologies Limited ABN 26 007 817 192 ASX:M7T
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ASX Announcement
For more information, contact:
Jenni Pilcher CFO, Mach7 [email protected]
Andrew Keys Investor Relations [email protected]
Registered Office: Tower 4 | 727 Collins Street Docklands, 3008
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Mach7 Technologies Limited ABN 26 007 817 192 ASX:M7T