IBA Health bags Malaysian government contract

IBA Health and partner Technitium won an $18.5 million contract with the Malaysian Government to supply and implement software at the Malaysia University Teaching Hospital.

IBA - an ASX health sector software provider - expected to receive $9.3 million for software and implementation services with recurring license fees of $1.1 million per annum after initial warranty period of up to seven years.

It would partner with Malaysian IT company FSBM’s (formerly known as Fujitsu Systems Business) associate company Technitium, which would recieve the rest of the money for the contract.

Steve Garrington CEO of IBA Health said in a statement that the company would provide a suite of solutions to move University Teaching Hospital to a paperless environment.

“We will provide solutions to fully integrate the hospital’s administration, clinical patient records, laboratory, pharmacy and radiology records. The hospital has a significant volume of inpatients and out patient records which also needs to be streamlined.”

In Australia, IBA does its own implementations, however with overseas projects IBA would work with partners.

“Like most contracts we are providing the software however the implementation will be a combined effort with our Malaysian partner FSBM," Garrington said.

He said this contract had been IBA Health’s biggest win to date. While it has been successful in the Australian private health sector, IBA is looking to drive business in South-East Asia and China.