Beamtree secures $2m Saudi healthcare deal. ASX-listed Beamtree Holdings has won a $2 million contract with Saudi Arabia's Fakeeh Care Group for clinical coding and analytics support. The 12-month agreement strengthens the company's Middle East presence and positions it for future software-as-a-service revenue growth. Simultaneously, Beamtree's strategic review is resetting its cost base to achieve cash operating breakeven by FY27, focusing investment on higher-margin products with stronger growth potential. The contract reflects broader healthcare reforms in Saudi Arabia around clinical coding and funding reimbursement, offering Beamtree a pathway to recurring revenue in a key regional market.
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