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Austco Healthcare secures $4.2M Singapore contract
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- Austco Healthcare secured a ten-year maintenance agreement valued at $4.2 million for the Jurong Health Complex in Singapore.
- Contract revenue will be recognised over the ten-year term beginning on Oct. 1.
- The transaction converts part of the company's installed base into predictable recurring service and maintenance revenue.
Austco Healthcare (ASX:AHC) secured a $4.2 million maintenance contract for the Jurong Health Complex in Singapore.
The agreement expands on previous contracts delivered at the healthcare facility in November 2023 and September 2024.
"This ten-year agreement extends our relationship with Jurong Health Complex," said Austco Healthcare CEO Clayton Astles.
The contract runs from Oct. 1, 2026, to Sept. 30, 2036, with further details expected in August.
Following the announcement, the Austco Healthcare share price was unchanged at $0.24.
The contract converts part of the company's installed base into long-term service revenue.
The deal supports the corporate strategy to build predictable recurring revenue alongside standard project sales.