Australia's HeraMED hits record low after losing US hospital partnership

ReutersMay 19, 2025 3:53 AM

Shares of medical data and technology firm HeraMED HMD.AX down 42.1% at A$0.011, after falling as much as 52.6% to record low earlier

Stock set for biggest one-day drop on record

Co says U.S. hospital Broward Health will discontinue use of its HeraCARE, a digital maternity monitoring and management platform, due to recent changes in U.S. healthcare policy environment

HMD says agreement with Broward estimated at $100,000 for this financial year

Co in commercial discussions with additional strategic partners to expand into other international markets with stable healthcare policy environments

Trading volume at about 10.9 mln vs 30-day average 555,548 shares

Stock down 45% YTD

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