Key Highlights

  • Alcidion secured a three-year Miya Flow agreement valued at AUD 7.5 million.
  • The rollout covers four hospitals within Northern Care Alliance NHS Foundation Trust.
  • Alcidion expects approximately AUD 4.5 million of Revenue in the first year.
  • The agreement includes Options for a two-year extension and additional modules.

Alcidion Group Limited (ASX:ALC) is widening its footprint within a major Greater Manchester healthcare network. A new three-year agreement will move Northern Care Alliance NHS Foundation Trust from its existing ExtraMed Flow setup to Miya Flow and extend the platform across four hospitals.

Miya Flow Expands Across the Trust

The rollout starts with an upgrade of the ExtraMed Flow system at Salford Royal Hospital before extending to Royal Oldham Hospital, Fairfield General Hospital and Rochdale Infirmary. Miya Flow is built on Alcidion’s Miya Precision platform, which centralises information into dashboards and supports interoperability, clinical communication and decision support.

AUD 7.5 Million Covers the Initial Term

The initial three-year contract carries a total value of AUD 7.5 million. The agreement also includes options to extend for a further two years and add further modules, although no value has been assigned to those options. Alcidion applied an AUD/GBP conversion rate of 0.52 in the announcement.

First-Year Revenue Reflects the Transition

Alcidion expects approximately AUD 4.5 million of revenue to be recognised in the first year. That amount includes a six-month renewal of the existing ExtraMed subscription while Miya Flow is implemented. The first-year figure therefore combines continuity from the current system with the transition to the new deployment.

Implementation Becomes the Next Marker

The announcement confirms the initial contract term and the approximate six-month ExtraMed transition, but does not provide a go-live date for each hospital. It also does not confirm whether the extension options or additional modules will be exercised. Revenue recognition will depend on implementation progress and the terms of the agreement.

Rollout Now Moves Into Focus

The next phase centres on implementing Miya Flow across the four hospitals, completing the ExtraMed transition and determining whether the Trust exercises extension or module options.