Alcidion will roll out its Miya Flow software across four Northern Care Alliance hospitals under a new A$7.5 million contract. About A$4.5 million is expected to be recognised as revenue in the current year, including a six-month renewal of the existing ExtraMed system during implementation.
- A$7.5 million total contract value over an initial three-year term
- Miya Flow to replace ExtraMed at Salford Royal and expand across three additional hospitals
- Approximately A$4.5 million of current-year revenue expected
- Two-year extension and additional module options included
A$7.5M contract expands UK hospital footprint
Alcidion Group Limited (ASX:ALC) has secured a new contract with Northern Care Alliance NHS Foundation Trust to deploy its Miya Flow patient-flow software across four hospitals in Greater Manchester. The agreement carries a total contract value of A$7.5 million over an initial three-year term, with options to extend for another two years and add further modules.
The deal expands an existing relationship rather than opening an entirely new account. Miya Flow will replace ExtraMed at Salford Royal Hospital and extend across Royal Oldham Hospital, Fairfield General Hospital and Rochdale Infirmary. ExtraMed became part of Alcidion through its 2021 acquisition of the business.
A$4.5M current-year revenue expected
Alcidion expects to recognise approximately A$4.5 million in revenue in the current year. That figure includes a six-month renewal of Northern Care Alliance’s ExtraMed subscription while Miya Flow is implemented, making the transition period commercially significant as well as operationally necessary.
The announcement does not specify the revenue schedule after the current year, nor does it indicate whether the two-year extension options will be exercised. The additional-module option also leaves room for the contract’s eventual value to exceed the initial commitment, but that upside is not yet contracted revenue.
Miya Flow replaces legacy patient-flow platform
Northern Care Alliance is one of north-west England’s largest healthcare trusts, providing hospital and community services across Greater Manchester. Alcidion Managing Director and CEO Kate Quirke said the broader deployment would support the Trust’s patient-flow programme and address operational pressures including bed blockages, patient outliers and administrative workload.
For Alcidion, the immediate test is execution across multiple sites: moving Salford Royal from ExtraMed to Miya Flow while bringing three further hospitals into the deployment. The next material markers are the timing of implementation, recognition of the expected A$4.5 million and any decision by Northern Care Alliance to extend the term or add modules.
Bottom Line?
The contract provides a sizeable near-term revenue contribution, but its longer-term value will depend on a smooth multi-hospital rollout and conversion of the available extension and module options.
Questions in the middle?
- How quickly will Miya Flow be implemented across all four Northern Care Alliance hospitals?
- How much of the A$4.5 million expected current-year revenue will be recognised during the implementation period?
- Will Northern Care Alliance exercise the two-year extension or add further Miya Flow modules?