FinTechFunding

Beamtree: Signs A$10.1m RippleDown contract with Ampath

Beamtree Signs A$10.1m RippleDown contract with Ampath

  • Beamtree (BMT) signs a US$7 million (A$10.1 million) five-year contract with Ampath for its RippleDown software
  • RippleDown is Beam tree’s proprietary software that automates the clinical and administrative process by reducing the time pathologists spend reading results
  • This partnership follows a successful proof-of-concept pilot trial that examined how RippleDown can help Ampath laboratories drive better healthcare services
  • While the contract is for a five-year term, there is an option for termination after two years by giving three months notice
  • The company is up 17.7 per cent with shares trading at 30 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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