SCWorx Announces New Academic Hospital Customer
Rhea-AI Summary
SCWorx (Nasdaq: WORX) announced on December 17, 2025 that it signed a new customer agreement with a Midwest-based academic hospital organization of approximately 500 beds. The hospital selected SCWorx to provide data cleanse and enrichment services to support Workday initiatives, improve data consistency, and support operational workflows.
The company did not disclose financial terms; deployment timing and scope will be determined with the customer. SCWorx CEO Tim Hannibal said the engagement reflects continued interest in the company’s data management solutions within academic healthcare.
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News Market Reaction
On the day this news was published, WORX declined 0.97%, reflecting a mild negative market reaction. Argus tracked a peak move of +14.8% during that session. Argus tracked a trough of -3.6% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $32K from the company's valuation, bringing the market cap to $3M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
WORX was down 4.34% while only one momentum peer (ONMD) showed similar downside and sector peers were mixed, indicating stock-specific pressure rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 15 | New partnership | Positive | +7.5% | Partner agreement to expand healthcare data management network and growth strategy. |
| Oct 14 | Nasdaq extension | Neutral | +8.5% | Nasdaq grants 180-day extension to regain $1.00 minimum bid compliance. |
| Oct 06 | Contract renewal | Positive | -0.5% | Three-year renewal with 113% contract value increase and expanded services. |
| Sep 03 | Management change | Positive | +4.9% | Appointment of experienced CTO to lead technology and innovation strategy. |
| Aug 26 | Strategic collaboration | Positive | +31.1% | New collaboration using Foundation product for hospital data management and savings. |
Partnership and collaboration headlines have often been followed by positive one-day moves, with only one recent divergence on a large contract renewal.
Over the past six months, SCWorx has focused on expanding its healthcare data management footprint through collaborations and renewals. A major collaboration on Aug 26, 2025 and a new partnership on Dec 15, 2025 both coincided with strong positive price reactions. Governance and listing risk featured prominently with Nasdaq bid-price extensions disclosed in October 2025. Today’s new academic hospital customer announcement continues the theme of network and customer expansion within healthcare data services.
Market Pulse Summary
This announcement adds a new Midwest-based academic hospital with approximately 500 beds for SCWorx’s data cleanse and enrichment services, extending its healthcare footprint. In context, the company recently reported Q3 2025 net loss of $1,312,539 and highlighted going‑concern risks, while proxy materials describe potential future financing and significant warrant capacity. Investors may watch how contracts like this translate into recognized revenue and backlog relative to recent quarterly results and cash levels.
Key Terms
interoperability technical
data cleanse technical
AI-generated analysis. Not financial advice.
New York, NY, Dec. 17, 2025 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX), a provider of healthcare data management and interoperability solutions, today announced that it has entered into a new customer agreement with a Midwest-based academic hospital organization with approximately 500 beds.
The customer selected SCWorx to support certain healthcare data cleanse and enrichment services for assistance with Workday initiatives. The agreement provides for the use of SCWorx solutions to assist with improving data consistency and supporting operational workflows.
“This customer engagement reflects ongoing interest in our data management solutions within the academic healthcare community,” said Tim Hannibal, Chief Executive Officer of SCWorx. “We remain focused on supporting our customers’ operational and data-related needs.”
The Company did not disclose the financial terms of the agreement. Deployment timing and scope will be determined in coordination with the customer.
About SCWorx
SCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers. SCWorx delivers value through the full integration of its solutions modules with a robust data platform, ensuring accuracy, cost savings, operational efficiency, and reliable benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management, request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements.
Forward-Looking Statements
This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements. As a result of many factors, including, without limitation, economic disruptions affecting our customers, unexpected contract terminations, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may also be affected by other known and unknown risks, trends, uncertainties and factors, many of which are beyond the company’s ability to control or predict. SCWorx undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
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Source: SCWorx Corp.
FAQ
What did SCWorx (WORX) announce on December 17, 2025?
Which services will SCWorx provide to the Midwest academic hospital in the WORX deal?
Did SCWorx disclose financial terms for the new WORX customer agreement?
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