Healius (ASX:HLS) entered into a national agreement framework with subsidiaries of Ramsay Health Care (ASX:RHC), effective Wednesday, according to an Australian bourse filing on June 26 after market hours.
The framework replaces existing pathology leases and service arrangements with standardized agreements across 13 Ramsay-operated hospitals in New South Wales, Victoria, Queensland and Western Australia, per the filing.
The new contracts, with initial terms of two to five years, are expected to generate around AU$45 million in annual revenue, subject to stable customer demand and economic conditions, the filing added.
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