tiprankstipranks
Beamtree Holdings Wins Major Saudi Contract
Company Announcements

Beamtree Holdings Wins Major Saudi Contract

Beamtree Holdings Ltd (AU:BMT) has released an update.

Don't Miss our Black Friday Offers:

Beamtree Holdings Limited has secured a significant contract in Saudi Arabia to provide its PICQ clinical coding technology to the Centre for National Health Insurance, marking a strategic milestone in the company’s international expansion. The contract, worth $1.4 million, contributes to an annual recurring revenue of about $1 million and follows a previous $0.5 million contract, reinforcing Beamtree’s presence in the Saudi healthcare sector. The company’s CEO, Tim Kelsey, emphasized the shared vision with local partner Lean to enhance patient outcomes through improved data usage in health services.

For further insights into AU:BMT stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App