• Austco Healthcare wins St Paul’s Hospital in Canada worth $7.4m
  • Next Science announced a new CEO
  • AVITA Medical and Genetic Signatures announce new CFOs


Digital health company Austco Healthcare (ASX:AHC) surged by as high as 30% this morning after announcing that its subsidiary in Canada has secured a $7.4m contract, the biggest in the company’s history.

Under the deal, Austco will supply its Tacera alarm management and clinical workflow solution for the new 548-bed St Paul’s Hospital in Vancouver.

This includes over 1100 full IP patient stations, 1200 clinical workflow terminals, and Webservices interfaces for EMR and RTLS systems integrations set to be installed in the hospital.

These systems will allow critical messages, including medical emergency notifications, to be delivered to application stations installed throughout the facility, ensuring staff are promptly notified and can act quickly.

Two-way audio will connect patients to all healthcare personnel in real-time, improving workflow, driving efficiencies, and reducing risk.

The new hospital, currently under construction and set to open in 2026, will be a landmark healthcare facility in Canada’s western city of Vancouver.

Austco meanwhile is a sub $50m market capped company, and says that revenue recognition from the deal is expected to begin in this current financial year.

“We are thrilled to have won the St Paul’s hospital contract, which aligns with our company’s mission and values,” said Austo CEO, Clayton Astles.

“This is the largest contract win in the company’s history and demonstrates our growing sales momentum and the increasing reputation of our flagship product, Tacera, as the most advanced clinical workflow solution available today.”


Changes at the top for these healthcare companies

Next Science (ASX:NXS) announced the appointment of Harry Thomas Hall, IV (commonly known as “I.V.”) as its new CEO starting on 10 July. Over the course of 28 years in the global medical device industry, I.V. has held diverse general management roles including product development, global strategic marketing, commercial operations, and sales leadership.

AVITA Medical (ASX:AVH) announced the appointment of David O’Toole as its new CFO effective June 15. O’Toole has more than 30 years of experience in global corporate finance, capital markets, and accounting across biotech and life sciences companies. He has a demonstrated track record of developing and executing successful growth strategies in a number of public companies.

Meanwhile Genetic Signatures (ASX:GSS) has appointed Karl Pechmann as CFO and COO, and also company secretary effective 26 June 2023. Pechmann has extensive experience in ASX-listed companies and multi-national organisations, including OncoSil Medical, Kyckr and Immutep.


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