Insights

Why the Alcidion (ASX:ALC) share price is surging 5% higher

The Alcidion Group Ltd (ASX:ALC) share price is pushing higher on Wednesday after announcing a new contract win in the UK…
The post Why the Alcidion (ASX:ALC) share price is surging 5% higher appeared first on The Motley Fool Australia. –

child in a superman outfit indicating a surge in share price

The Alcidion Group Ltd (ASX: ALC) share price has continued its positive run and is pushing higher again on Wednesday.

In morning trade, the healthcare technology company’s shares are up 5% to 29.5 cents.

Why is the Alcidion share price surging higher?

Investors have been buying Alcidion shares this morning after it announced a new contract win.

According to the release, the company has signed a contract with East Lancashire Hospitals NHS Trust for Patientrack and Smartpage. This contract is valued at $2.2 million over five years.

The release explains that the East Lancashire Trust is a large, integrated health care organisation of 8,000 staff, providing acute, secondary and community healthcare for the 530,000 residents of East Lancashire and Blackburn with Darwen.

Patientrack will be used by the Trust’s nurses as they carry out crucial observations, integrating directly with devices used at the bedside to capture patients’ vital signs. This will allow them to automatically calculate a patient’s early warning score.

Whereas Smartpage, which is Alcidion’s smartphone and web-based secure messaging system, will be deployed in parallel and integrated with Patientrack to push alerts to clinical teams for when they need to take action for patient care.

Management commentary

Alcidion’s Managing Director, Kate Quirke, said: “We are delighted to partner with East Lancashire Hospitals NHS Trust to support the delivery of better and safer patient care. Both Patientrack and Smartpage continue to open the door to new customer relationships, supporting the expansion of our presence in the UK.”

East Lancashire Hospitals NHS Trust’s Chief Information Officer, Mark Johnson, spoke very positively about the technology.

He said: “We are driving forward our ambitions to enhance patient care and improve working life for staff through digital technology, both locally and in collaboration with our ICS colleagues across the region. Patientrack, which has delivered impressive results for patient safety in dozens of other NHS hospitals, accompanied by Smartpage, will be an important part of that digital roadmap and the deployment of our local EPR.”

Following today’s gain, the Alcidion share price is now up over 55% since the start of the year.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd. The Motley Fool Australia has recommended Alcidion Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Alcidion (ASX:ALC) share price is surging 5% higher appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!