Pro Medicus shares gain on $44m US contract
Make us a preferred source
Make us a preferred source on Google
More news: Pro Medicus shares lifted after announcing a five-year, $44 million deal with US radiology group Advanced Radiology Management.
Shares were up 4% to $258.82 at 1:30pm AEDT, taking 12-month gains to 23.3%
Pro Medicus seals $44m deal with Advanced Radiology Management
The news: Medical imaging provider Pro Medicus has signed a $44 million deal with US radiology group Advanced Radiology Management for its Visage 7 enterprise imaging platform.
The numbers: The five-year contract will see Pro Medicus' cloud-based Visage 7 platform implemented across Advanced Radiology Management.
The context: Pro Medicus said rollout planning will begin immediately, with a go-live target for late Q2 of the 2026 calendar year.
What they said: "A shortage of radiologists — expected to worsen in North America and worldwide — has pressured providers to interpret more imaging studies in less times, further exacerbating provider burnout," said Pro Medicus CEO Sam Hupert.
"Private practice groups such as Advanced Radiology Management appreciate our proven ability to increase radiologist efficiency within hours of going live, thereby bringing much-needed relief to the mounting demands radiologists face."
The source: ASX
