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An update from Singular Health Group Ltd ( (AU:SHG) ) is now available.
Singular Health Group Ltd has signed a USD$1.3 million contract with Provider Network Solutions (PNS) to implement its 3DICOM technology within PNS’s network in Puerto Rico, Florida, and Texas. This agreement marks the first step towards a potential large-scale national deployment across the United States, addressing challenges such as unnecessary duplicate imaging and delays in disease detection. The contract includes the deployment of 1,000 3DICOM licenses and the development of an AI model marketplace and image repository. Additionally, Singular Health has completed an AUD$8 million capital raising to support the national rollout and further product development, with strong backing from institutional investors.
More about Singular Health Group Ltd
Singular Health Group Ltd operates in the healthcare technology industry, focusing on developing and deploying advanced medical imaging solutions. Their primary product, the 3DICOM platform, is designed to improve the efficiency and accessibility of medical imaging by centralizing imaging access and facilitating the sharing of scans across healthcare networks. The company is targeting a significant market opportunity in the United States, where there is a large number of Primary Care Physicians and Managed Service Organizations.
Average Trading Volume: 667,238
Technical Sentiment Signal: Buy
Current Market Cap: A$111.1M
See more insights into SHG stock on TipRanks’ Stock Analysis page.