Australia's Austco Healthcare rises after unit renews supply deal in US
ReutersMay 9, 2025 5:25 AM
Shares of Austco Healthcare AHC.AX rise 5.4% to A$0.295, their highest level since April 3
Stock marks biggest intraday pct gain since May 5
Healthcare communication solutions provider says unit renewed supplier agreement with one of the largest U.S. healthcare service providers
Says Austco to continue delivering its Tacera IP nurse call system and Tacera pulse platform, software which helps analyse response data among others things, to about 180 hospitals across more than 30 U.S. states
Adds proactively responding to ongoing U.S.-China tariff challenges by shifting production to contract manufacturers outside China with transition expected to be completed within next 2 to 3 months
Stock up 6.4% YTD
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