● Subscription agreement is InteliCare’s largest commercial deployment to date
● The deployment is the first of its kind across the Australian aged care sector
● InteliCare’s strategy for 2024 is commercialisation and more B2B partnerships
InteliCare has inked a significant subscription agreement with Hardi Aged Care, marking its largest commercial deployment to date.
Under the binding Subscription Agreement, InteliCare will deploy its innovative InteliCare platform across all six of Hardi Aged Care’s residential aged care facilities. Hardi, a respected private family-owned aged care business, currently serves approximately 600 residents across its facilities.
The agreement, valued at $1.7 million in hardware and implementation fees, is expected to generate over $400 thousand per year in annual recurring application fees over a three-year initial term. The partnership not only marks a significant revenue stream for InteliCare but also showcases its ability to secure and execute large-scale commercial agreements within the aged care industry.
InteliCare CEO Daniel Pilbrow said the deal signifies a pivotal moment in InteliCare’s commercialisation strategy and highlights the company’s capacity to execute substantial agreements in the aged care sector.
“I am delighted InteliCare has entered into this agreement with Hardi Aged Care and look forward to deploying the InteliCare platform in Hardi’s residential aged care network,”
he said.
“I believe this is the start of a long and fruitful partnership between InteliCare and Hardi.”
The deployment of the InteliCare platform will be conducted through a staged process, with an initial deployment at Hardi’s Manly Vale facility, consisting of 10 beds, commencing immediately. Subsequent deployment plans for the Manly Vale facility and the remaining five facilities will be established within defined timelines, ensuring a structured and efficient rollout process.
Hardi Aged Care General Manager Jo Dalton said the deal emphasised the organisation’s commitment to innovation and technology in enhancing resident care.
“I am surrounded by a terrific group of people here at Hardi and am proud of our willingness to embrace innovation and technology to provide better care for our residents. With this deployment being the first of its kind across the Australian aged care sector, we are excited for what we can achieve both now and in the future through greater effective care management, better enabled by new technology.”
The subscription agreement outlines a three-year initial term, with provisions for extensions, including hardware and implementation fees, as well as annual SaaS fees. Notably, InteliCare will receive an initial payment of $30,000 to fund the first stage deployment, demonstrating Hardi’s commitment to expedite the integration of the InteliCare platform into its facilities.
With the deployment at Hardi Aged Care being the first of its kind across the Australian aged care sector, both InteliCare and Hardi are poised to set new standards in effective care management enabled by cutting-edge technology.
InteliCare has made significant strides in the residential aged care sector over the last six months, most notably securing a memorandum of understanding (MOU) with Australia’s largest independent not-for-profit aged care provider, Bolton Clarke.
The partnership includes experimental pilots to integrate InteliCare’s technology into Bolton Clarke’s care environments which comprises 38 retirement villages, 88 residential aged care facilities and 130,000 people they provide home-based care services to.
The collaboration, a significant milestone for InteliCare, signals the beginning of a long-term strategic partnership to embed AI solutions across the provider’s extensive network of retirement villages, residential aged care facilities, and home-based care services.