PME - ASX Announcements

Forum Topics PME PME ASX Announcements

Pinned straw:

Last edited 7 months ago

Imaging company Pro Medicus leapt 9.3 per cent this morning after winning a $140 million contract with US-based Baylor Scott & White Health.

HIGHLIGHTS

• PME signs AUD $140M, 10-year deal with Baylor Scott & White Health (“BSWH”)

• Visage to replace legacy PACS and vendor neutral archive throughout the BSWH enterprise

• Contract is for “full stack” - Visage 7 Viewer, Visage 7 Open Archive and Visage 7 Workflow

• Visage 7 platform to be implemented in the cloud

• Continues PME’s rapid expansion into North American integrated delivery networks (IDN) and academic medical centers

• Transaction-based model with potential upside

7 months ago

I think this is easily their biggest contract win. Impressive stuff.

A 10% move is quite remarkable given the size of the business and the already high multiple it trades on. Literally adds >$700m in market cap!

Pro Medicus Limited