I would imagine that this has been priced in for a while. All the announcement demonstrates is that they have successfully done what they said they were signing up for. Any extension in their deals will have upward momentum. They only started in November with 7 mums signed up in the first week so to now turn around and publicly confirm that they need all 1000 devices is a great sign for future expansion over there. If you take mid November as a start date and fast forward to mid February then that’s pretty good traction.
Philips has signed up with Nuvo and Pulsenmore and last week NSW Health announced a MOU with Sheba Beyond so I think the Australian maternal Telehealth market is about to change considerably. Might be a good sign or maybe it’s why RHC are dragging the chain?
All still a bit difficult to navigate at the moment but at least this is a good start
HMD Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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