BTC Health (ASX:BTC) said its investee company, BTC Cardio, has secured a $5 million contract to supply Extracorporeal Membrane Oxygenation equipment, consumables, and services to the Royal Children's Hospital in Melbourne.
The contract spans five years and includes capital equipment and single-use consumable products tailored to the hospital's patient case projections.
The contract was awarded after a rigorous tender process involving clinical experts, biomedical engineers, and procurement teams at RCH.
BTC will integrate Eurosets ECMOLIFE equipment into the hospital's paediatric intensive care unit before the end of 2024.
“We are delighted to have been selected as the preferred ECMO supplier. Partnering with RCH and supporting their expert team in caring for vulnerable children is an absolute privilege," said Richard Treagus, Executive Chairman and Managing Director of BTC Health.
"This is the first implementation of our high-quality ECMOLIFE equipment in Australia, and we are excited about the opportunity to expand our national rollout further," Treagus added.
The contract comes at a time when hospitals nationwide are beginning to replace their ECMO equipment, following the strains placed on healthcare systems during the pandemic.
Eurosets ECMOLIFE equipment trials are currently underway at several hospitals across Australia.
BTC Health is a pooled development fund that makes active investments in businesses that acquire, develop and distribute medical products in Australia and New Zealand. The company is building a group of businesses that together are focused on providing access to specialised therapeutics and medical devices from around the world.
At the time of reporting, BTCH Health's share price was $0.050.