News Articles for InteliCare

This week's Bulls N' Bears Runner of the Week is … InteliCare Holdings. Its shares jumped 144 per cent on the back of a $2 million capital raise to kickstart key commercial agreements for its AI-driven platform aimed at enabling the elderly to stay in their homes for longer. Other ASX movers and shakers were Encounter Resources, Vonex and Actinogen Medical.

This week's Bulls N' Bears profiled ASX runner is… Plenti Group. Its shares more than doubled this week to join fellow runners Intelicare, Euro Manganese and LBT Innovations.

New research covering more than 600 businesses paints the most detailed picture assembled of WA's startup and tech sectors.

ASX listed health-tech player InteliCare Holdings continues to build momentum, completing another successful quarter and recording strong sales growth. The company recently turbo charged the marketing of its remote monitoring healthcare technology, leading to a leap in sales of some 69 per cent quarter on quarter.

Smart aged-care and healthcare technology developer InteliCare, in conjunction with the University of Sydney and Macquarie University, has been awarded a $100,000 grant by the NSW Smart Sensing Network to further develop the company's machine learning product for predicting risks associated with chronic deterioration in the elderly.

ASX-listed healthcare provider, InteliCare Holdings has received a welcome boost from this week's Federal budget. The company is now looking forward to lifting sales of its innovative suite of in-home healthcare technologies as the government commits more than $6.5 billion to funding home care packages and pledges a further $13.2 billion to the National Disability Insurance Scheme.

InteliCare Holdings has posted a lovely set of numbers as part of its latest financial update. The company recently announced an incredible 911 per cent increase in customer receipts for the March quarter when compared to the previous quarter and a significant 55 per cent hike in revenues for the year to date as its artificially intelligent, in-home monitoring systems for the disabled and elderly start to gain market acceptance.

ASX-listed health care company, InteliCare is topping up its coffers to the tune of $2.5 million through a recent placement with the funds set to be put to work to accelerate the roll out of its range of innovative healthcare products across the country. The company has received firm commitments from a slew of investors and will boast an enviable cash balance of more than $4.3 million once its placement is completed.

ASX-listed InteliCare has launched its latest product offering known as “InteliLiving Health Metrics”, which harnesses artificial intelligence to provide real-time reporting and insights of personal health metrics to assist in caring for the elderly disabled. InteliCare's latest analytics offering integrates with wearable smart health devices to monitor personal biometrics in real time, enhancing its remote home and aged care facility-based smart monitoring solutions.

ASX-listed healthcare technology company, InteliCare has shown it is capable of scaling up after posting first-half customer revenues of $235,518 against revenues of just $9,497 for the previous corresponding quarter. The company also banked an additional $553,813 on the top line for the December 2020 half, largely from an R&D tax offset grant and Government COVID-19 grant payments.

Smart tech healthcare developer, InteliCare has clinched a five-year master supply agreement with Optus Networks that paves the way for Optus to pitch InteliCare's smart monitoring systems to its health and aged-care sector clients. InteliCare's system learns the daily behavioural patterns of the sick and the elderly and reports back to family or a healthcare professional if there is a departure from normal behaviour.

ASX-listed aged-care and healthcare technology outfit, InteliCare continued to produce steady sales growth in the December quarter, highlighted by the recent order from Eremea Home Care Services in NSW, while having increased its distributor sales channels by 45 per cent. At the end of the quarter, the Perth-based company was sitting on a solid cash pile of $3.1 million.

A post-pandemic bounce back in initial public offerings could indicate confidence among WA investors.

Western Australia-based InteliCare has continued its east coast expansion booking a significant order with Eremea Home Care Services in New South Wales. Eremea will initially take delivery of more than $150,000 of home care monitoring systems for use across its 1000 aged care and disability client base, including InteliLiving hardware and software and a 12-month subscription to the commercial InteliCare Pro platform.

InteliCare has joined the winners list in this year's Deloitte Technology Fast 50 Rising Star Awards. The coveted program is in its 20th year and looks to rank Australia's fastest-growing public or private technology companies, providing international recognition for local innovation. InteliCare is successfully harnessing artificial intelligence to provide smart home monitoring solutions to help care for the elderly and disabled people.

InteliCare has banked more than $410,000 following the receipt of its research and development tax refund for the 2019-2020 financial year. The substantial return comes from the development of the company's InteliLiving and InteliCare Pro product lines, which are being increasingly adopted for use across Australia in aged and disability care.

InteliCare is continuing to expand its network across the east coast of Australia, signing a distribution agreement with Technology for Ageing and Disability ACT in the Australian Capital Territory. The contract covers initial 12-month term with the not-for-profit organisation assuming an agency role and receiving a commission from all of its InteliCare sales, which will include the company's flagship InteliLiving and InteliCare Pro products.

ASX-listed tech company, InteliCare Holdings, has scored a trifecta of peak technology-body industry awards at Australia's longest running and most broadly scoped innovation recognition program, clinching the overall $10,000 prize in the process. The Perth-based company says winning multiple gongs reflects the tech industry's recognition of its proprietary artificial intelligence online platform and its impact on the aged-care and disability-care sectors.

InteliCare has delivered a 29 per cent spike in quarterly sales as its predictive analytics software that monitors the daily movements of the sick and the elderly is deployed across the aged-care and healthcare sectors. The upwards swing in sales coincided with a lowering of costs which has delivered a 23 per cent increase in overall margin.

ASX-listed InteliCare has achieved a significant milestone in its business-to-consumer strategy to expand its revenue streams in the aged-care and healthcare sectors following the launch of a new online platform and e-commerce marketplace that provides an internet-based mechanism for family members to monitor the wellbeing of their elderly or health-compromised loved ones.

AI-powered, home care service provider InteliCare has expanded its reach across the Australian healthcare sector entering into an agency agreement with Melbourne-based company, Rehab Hire, to distribute its technology in Victoria. The agreement will result in Rehab Hire receiving a commission on products sold and is not subject to sales targets or exclusivity: Rehab Hire intends to recruit a dedicated sales manager to market the InteliCare product line.

As we bask in splendid isolation there's an increasing risk the world will leave us behind.

Recently listed healthcare technology player, InteliCare, has muscled its way into the east coast healthcare market after inking a binding sales agreement for 120 “InteliLiving” units. The commercial breakthrough comes from entering into a heads of agreement with CCNB Limited, a North Sydney based independent health and community services organisation.

COVID-19 has taken a wrecking ball through the IPO market, cutting raisings by 80 per cent, although those that proceeded outperformed other equities.

InteliCare's in-home monitoring technology for the sick and the elderly made a spectacular debut on the ASX this week with the company's shares running hard from 20c to a crescendo of 58c for the week. Lead Manager, JP Equity closed the book early after getting a flood of bids totalling $6.2m against the targeted $5.5m, which caused scale backs and a flurry of on market buying.

Leederville-based startup InteliCare had a positive start to trading on the ASX today, with its shares closing at 31.5 cents each, more than 50 per cent above their issue price.

Amongst the debris of ASX-listed companies that have been laid to waste by the ravages of the Coronavirus, one curious company has managed to get a listing away. Aged care in-home monitoring firm, InteliCare, will debut on the ASX today after its lead manager, JP Equity, closed its book early when it was overrun by investors looking to get a piece of the $5.5m IPO.

The Lateral INCITE Awards has shortlisted 26 entrants for this year's program, with Leederville-based startup InteliCare and IT consultancy firm Modis Australia among those advancing to the second round of judging.

The WA Government's little-known website, www.iThink.wa.gov.au, is actively encouraging members of the public and businesses to put forward innovative ideas and services that can support and inform the State's response to COVID19 isolation. The submission that received the highest number of votes to-date is from the private, but soon to be ASX-listed, healthcare technology company, InteliCare, that has an artificial intelligence-powered, in-home monitoring system to help the sick and elderly.

Andrew Forrest has run a nimble and remarkably successful campaign to procure medical equipment from China, while WA's healthcare community has rallied to prepare for the COVID-19 pandemic.

At a time when health care has never been more prominent in the minds of many and home care solutions are more urgently sought, Intelicare's artificial intelligence powered, in-home monitoring system for the sick and elderly is set to come into sharp focus. As the company seeks to ride on the coat tails of an ageing baby boomer population, its upcoming public listing on the ASX would seem exquisitely timed with the elderly confined to quarters right now due to the Coronavirus and largely quarantined from their loved ones.

SPECIAL REPORT: Technology could help people live independently at home longer and improve care in residential aged care facilities.

Buoyed by a second successful capital raising at the end of 2019, a Leederville-based firm is taking a high-tech, personalised approach to aged care.