Austco Healthcare (ASX:AHC) shares experienced a significant leap of as much as 14.3%, reaching a price of A$0.200.

This represents the highest level the shares have reached since June 26, 2015.

The healthcare communication services provider recently secured a A$2.6 million contract.

The deal involves the provision of the Tacera Nurse Call platform to Mount Elizabeth Hospital in Singapore.

Austco Healthcare anticipates revenue recognition from the contract to commence in FY24 and expects completion by FY25.

The stock has seen a 45.8% increase this year, calculated according to the most recent closing price.

Austco Healthcare is a provider of healthcare communication services.