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InteliCare Holdings Limited ( (AU:ICR) ) has shared an update.
InteliCare has secured a five-year master subscription agreement with Victorian not-for-profit provider mecwacare to deploy its AI-powered care platform across 22 residential aged care facilities, in a deal worth about $8.8 million on full rollout. The staged deployment, already generating about $1.1 million from work orders at five additional sites due online by 30 June 2026, significantly expands InteliCare’s contracted revenue and embeds its technology at the core of mecwacare’s digital transformation strategy.
The company also signed a three-year master subscription agreement with Warrigal Care to introduce InteliCare at a new 65-villa retirement development, a contract projected at roughly $200,000 and marking an entry into retirement living at scale. Alongside these commercial wins, InteliCare appointed veteran global aged and healthcare executive Angus Cameron as chief executive officer, underscoring a shift from pilot projects to scaled commercial deployment and signalling an inflection point in its growth trajectory.
More about InteliCare Holdings Limited
InteliCare Holdings Ltd is an Australian Software-as-a-Service technology company focused on the aged care sector, commercialising its proprietary AI-driven InteliCare platform. The platform integrates analytics, IoT, alerts, sensors and nurse call capabilities to support residential aged care, retirement living and at-home care providers seeking data-driven, digitally enabled care models.
Average Trading Volume: 891,097
Technical Sentiment Signal: Buy
Current Market Cap: A$15.55M
Find detailed analytics on ICR stock on TipRanks’ Stock Analysis page.