Company Report
Last edited 10 months ago
PerformanceCommunity EngagementCommunity Endorsement
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Performance (50m)
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#Contract Win Summary 2
stale
Added 10 months ago

·       November 2023 Oregon Health & Science University A$20m 8 year contract - OHSU includes OHSU Hospital and OHSU Doernbecher Children’s Hospital, comprising a total of 576 licensed beds. OHSU also includes a system of clinics across Oregon and southwest Washington state, employing nearly 20,000 staff. Based on a transactional licensing model, the contract will see the company’s cloud-engineered Visage 7, including Visage 7 Open Archive and Visage 7 Workflow modules, implemented throughout OHSU providing a unified diagnostic imaging platform. Visage 7 will also provide enterprise distribution of images integrated to OHSU’s electronic health record (EHR). Transaction-based model with potential upside. https://announcements.asx.com.au/asxpdf/20231113/pdf/05x802m6cs2mh7.pdf

·       October 2023 South Shore Health A$16m 8 year contract - the largest independent health system in Southeastern Massachusetts. South Shore Health includes the 393-bed South Shore Hospital (Weymouth, Massachusetts), has more than 5,600 employees, and has renowned clinical affiliations at academic and cancer centers across Massachusetts that also use the Visage 7 Enterprise Imaging Platform (‘Visage 7’). https://announcements.asx.com.au/asxpdf/20231023/pdf/05wc3cr3mykrb9.pdf

·       September 2023 Baylor Scott & White Health A$140m 10 year contract - the largest not-for-profit healthcare system in Texas and one of the largest in the United States. Contract is for “full stack” - Visage 7 Viewer, Visage 7 Open Archive and Visage 7 Workflow. https://announcements.asx.com.au/asxpdf/20230926/pdf/05v8z70389tnpj.pdf

·       July 2023 Memorial Sloan Kettering Cancer Center A$24m 7 year contract - one of the world’s most respected comprehensive cancer centers devoted exclusively to cancer, recognized as one of the top two cancer hospitals in the US for more than 30 years. MSKCC operates a total of 24 inpatient and outpatient locations across the New York City metropolitan region and attracts patients from across the globe seeking premier comprehensive cancer care. Contract is for “full stack” - Visage 7 Viewer, Visage 7 Open Archive and Visage 7 Workflow. https://announcements.asx.com.au/asxpdf/20230727/pdf/05s0ctw055spbk.pdf

·       May 2023 Gundersen Health System A$20m 7 year contract – a not for profit integrated delivery network (IDN), comprising 7 hospitals and 65 clinics across Wisconsin, Minnesota and Iowa. https://announcements.asx.com.au/asxpdf/20230516/pdf/05pqzwn2073wvg.pdf

Please refer to my previous Straw Contract Win Summary for contract history before May 2023

#Founder Sell Down
stale
Added 2 years ago

Co-Founders Dr Sam Hupert and Anthony Hall have each sold 1 million PME shares.

Both sold 1,000,000 shares for $62.22 per share ($62.22m)

https://www.asx.com.au/asxpdf/20230316/pdf/45mqw8d71hbdlq.pdf

They remain the two key stake holders in the company with their combined holding post this recent sale in excess of 50%.

#Contract Win Summary
stale
Added 2 years ago

The complete summary of Pro Medicus contract wins:

·      January 2023 Samaritan Health Services A$12m 8 year contract - Oregon- based Health Services, a community-based, integrated delivery network (IDN) based in OregonSamaritan has five hospitals in the mid-Willamette Valley and central Oregon Coast. https://www.asx.com.au/asxpdf/20230130/pdf/45l1r8pdrpk7h5.pdf

·      January 2023 University of Washington’s UW Medicine A$25m & year contract - a Tier 1 academic health system based in Seattle, Washingtonhttps://www.asx.com.au/asxpdf/20230120/pdf/45kt596dxphfmr.pdf

·      December 2022 Luminis Health A$15m 7 year contract - Annapolis, Maryland-based not-for-profit integrated delivery network (IDN), serves communities in central Maryland from Washington, DC to Delaware. https://www.asx.com.au/asxpdf/20221222/pdf/45k36zmfthpk09.pdf

·      August 2022 Three new customers Monterey California, Children’s Hospital of Philadelphia (CHOP) and Bay Imaging Consultants A$16.5m. Renewal University of Florida A$15.5m 7 year contract – negotiated at an increased fee per transaction refer April 2015 for initial announcement. https://www.asx.com.au/asxpdf/20220829/pdf/45ddptxq7rrxxs.pdf

·      June 2022 Renewal combine A$47m Sutter Health 7 year contract and Wellspan Health 5 year contract https://www.asx.com.au/asxpdf/20220614/pdf/459wn389m1f411.pdf

·      June 2022 Allina Health A$28m 7 year contract - a not-for-profit health care system based in Minneapolis, Minnesota, has 28,000 employees and 6,000 associated and employed physicians and operates 11 hospitals and more than 90 clinics throughout Minnesota and Wisconsin. https://www.asx.com.au/asxpdf/20220602/pdf/459kj0108p69jd.pdf

·      April 2022 Inova Health System A$32m 8 year contract - leading non-profit healthcare provider in Northern Virginia https://www.asx.com.au/asxpdf/20220408/pdf/457v6p4dj0trvw.pdf

·      October 2021 Novant Health $40m 7 year contract - is a community-based integrated delivery network (IDN) that spans three U.S. states, including 15 medical centres and hundreds of outpatient facilities and physician clinics. Novant Health serves more than 6 million patients annually.https://www.asx.com.au/asxpdf/20211001/pdf/45157s0ql8q7p2.pdf

·      May 2021 University of Vermont Health Network A$14m 8 year deal – teaching hospital for The Larner College of Medicine. https://www.asx.com.au/asxpdf/20210513/pdf/44wg9pzt06r1q2.pdf

·      February 2021 Major University Health System in the US A$31m 7 year contract - which comprises five academic health systems: UC Los Angeles (UCLA), UC San Francisco (UCSF), UC San Diego (UCSD), UC Davis (UCD) and UC Irvine (UCI). https://www.asx.com.au/asxpdf/20210216/pdf/44spr8bkc4ctnx.pdf

·      January 2021 Intermountain Healthcare A$40m 7 year contract – largest healthcare provider in the Intermountain West (Utah, Idaho, Nevada) https://www.asx.com.au/asxpdf/20210114/pdf/44rqjfzhsdf78y.pdf

·      December 2020 MedStar Health A$18m 5 year contract – largest health system in the Maryland and Washington DC metropolitan region. Comprises of 10 hospitals. https://www.asx.com.au/asxpdf/20201217/pdf/44r1y8k6sjft7t.pdf

·      November 2020 Zwanger Pesiri A$8.5m 5 year renewal contract. Refer January 2015 for initial contract. https://www.asx.com.au/asxpdf/20201119/pdf/44q19hxzx5gtwj.pdf

·      October 2020 Ludwig-Maximilians-Universitat (LMU Klinikum) A$10m 7 year contract – one of the largest university hospitals in Germany (Munich). https://www.asx.com.au/asxpdf/20201015/pdf/44npwzydng7gkt.pdf

·      September 2020 NYU Langone Health A$25m 7 year contract – one of the largest health systems in the state of New York and one of the most respected and innovative healthcare institutions in North America. Implementation will span 6 hospitals and numerous locations across the NYU Langone healthcare network. https://www.asx.com.au/asxpdf/20200911/pdf/44mk2fr0wtfb3x.pdf

·      June 2020 Northwestern Memorial Healthcare A$22m 5 year contract – Chicago based for Visage 7. https://www.asx.com.au/asxpdf/20200601/pdf/44j8j53r1rtqbh.pdf

·      December 2019 Nines A$6m 5 year contract – Palo Alto based. https://www.asx.com.au/asxpdf/20191230/pdf/44cym7k2lt4xgs.pdf

·      November 2019 Ohio State University Wexler Medical Centre A$9m 5 year contract – large multi-disciplinary academic medical centre located in Columbus, Ohio. https://www.asx.com.au/asxpdf/20191104/pdf/44b7tj1d8b9hw3.pdf

·      April 2019 Duke Health $14m 7 year contract – the largest health system in the state of North Carolina and one of the most respected health providers in North America. Span three hospitals and dozens of additional locations across Duke Health. https://www.asx.com.au/asxpdf/20190424/pdf/444hx8z62dgfkf.pdf

·      December 2018 German Government Hospital A$3m plus extension to the contract is has with a large German Government Hospital network. The deal, which includes additional licenses for the existing site, will also see Visage 7 and Visage Open Archive serve as the central component of a next generation imaging infrastructure at two additional hospitals within the network. https://www.asx.com.au/asxpdf/20181210/pdf/44131c5n9c1wcb.pdf

·      November 2018 Partners Health A$27m 7 year contract – the largest health system in the state of Massachusetts and one of the largest and most respected health providers in North America. https://www.asx.com.au/asxpdf/20181120/pdf/440fzw4zf4z33y.pdf

·      June 2018 Mercy A$15m over 7 years – for Visage 7 Open Archive contract based on transaction licensing model, implement across the Mercy healthcare enterprise, which is the fifth largest Catholic health system in the US spanning 4 states. https://www.asx.com.au/asxpdf/20180501/pdf/43tp8w0t82rlj4.pdf

·      May 2018 I-MED Radiology A$7m 5 year contract – Visage RIS across all of its practices. Australia’s largest diagnostic imaging provider. https://www.asx.com.au/asxpdf/20180501/pdf/43tp8w0t82rlj4.pdf

·      November 2017 Yale New Haven Health A$18m 7 year contract - The implementation will span five hospitals — Bridgeport, Greenwich, Lawrence Memorial, Westerly, and Yale New Haven hospitals, including Yale New Haven’s Children Hospital and Smilow Cancer Hospital at Yale New Haven, as well as numerous additional imaging locations across the state of Connecticut. Yale New Haven Hospital is the primary teaching hospital of the Yale School of Medicine. https://www.asx.com.au/asxpdf/20171117/pdf/43pb2mk65tf270.pdf

·      March 2017 Primary Health Care Limited 5 year deal, Transaction based agreement to provide Visage RIS. One of Australia’s largest diagnostic imaging networks. https://www.asx.com.au/asxpdf/20170314/pdf/43grq3npvchvbj.pdf

·      July 2016 Mayo Clinic A$18 6 year deal - Non-profit research and teaching hospital group https://www.asx.com.au/asxpdf/20160704/pdf/438b5j8hxvcl7z.pdf

·      April 2016 Franciscan Missionaries of Our Lady Health System (FMOLHS) A$7m 7 year deal – the largest health system in the US State of Louisiana. https://www.asx.com.au/asxpdf/20160427/pdf/436s1mrrhytm21.pdf

·      April 2016 Mercy Health A$21m 7 year deal – has 46 acute care and specialty hospitals spanning fours states (Missouri, Arkansas, Oklahoma, Kansas). https://www.asx.com.au/asxpdf/20160404/pdf/4368dbpn7nc3jq.pdf

·      February 2016 American College of Radiology and UF Health provide at no cost – will provide ACR and UFH with Visage 7 imaging technology to assist in training and accessing radiology residents throughout the US. https://www.asx.com.au/asxpdf/20160211/pdf/434zdc9sm962ps.pdf

·      November 2015 German Government Hospital A$3m 5 year capital deal – with one largest government hospitals in Germany https://www.asx.com.au/asxpdf/20151116/pdf/433091crtd9mhj.pdf

·      September 2015 Allegheny Health Network (AHN) A$11m 5 year deal – AHN comprises of eight hospitals Allegheny General Hospital, Allegheny Valley Hospital, Canonsburg Hospital, Forbes Hospital, Jefferson Hospital, Saint Vincent Hospital, Westfield Memorial Hospital and West Penn Hospital (Pittsburgh Area) https://www.asx.com.au/asxpdf/20150924/pdf/431k3g992rry1j.pdf

·      April 2015 University of Florida Health Network A$9.5m 7 year deal – a large university health system in Northern Florida. https://www.asx.com.au/asxpdf/20150421/pdf/42y09lzhd63pd3.pdf

·      January 2015 Zwanger-Pesiri A$5m (US$4.1m) 5 year deal – is one of the largest US providers of outpatient imaging services with 18 imaging centres and 58 radiologists, regionally distributed across Long Island. https://www.asx.com.au/asxpdf/20150112/pdf/42vyldz23csmlx.pdf

·      November 2014 WellSpan Health A$8m (US$7m) 7 year deal – a large regional health network in the north-eastern United States. https://www.asx.com.au/asxpdf/20141120/pdf/42tvgvzptds472.pdf

·      April 2014 Unknown A$20m 6 year deal- a large US health network to use Visage 7 https://www.asx.com.au/asxpdf/20140422/pdf/42p3qmp44c6rvz.pdf

·      October 2013 VISN23 US $4m 5 year contract – a large regional veteran affairs network servicing more than 400,000 veterans. Visage 7 https://www.asx.com.au/asxpdf/20131021/pdf/42k5cc3gg1dg9m.pdf

·      May 2013 vRad (Virtual Radiologic) 5 year contract - Radiology group more than 400 radiologists reading 7 million radiology studies annually. Visage 7 https://www.asx.com.au/asxpdf/20130508/pdf/42frtdff5d4y1b.pdf


Note: Most contract are Transaction-based financial model with potential upside than quoted.