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Australia's Alcidion Group rises on A$7.5 million three-year contract

By Reuters News03:16 (UTC), 30 September 2026 Updated

** Shares of Alcidion Group ALC.AX rise as much as 4.8% to A$0.110, their highest level since June 5

** Stock logs its biggest intraday pct gain since September 24

** Stock on track for its best month since November 2025, if gains hold

** The healthcare technology inks expanded contract with Northern Care Alliance NHS Foundation Trust to upgrade existing software that tracks patient movement and hospital beds data at the Salford Royal Hospital with ALC's Miya Flow software

** Total contract valued at A$7.5 million ($5.22 million) over an initial three-year term with options to extend for an additional two years

** Alcidion says annual revenue expected to be recognised is about A$4.5 million

** YTD, stock up 4.8%

($1 = 1.4360 Australian dollars)

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