Pro Medicus shares soar as it secures US contracts worth $190m
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More news: Shares in Pro Medicus have soared after the healthcare imaging provider announced it had signed two US contracts collectively worth $190 million.
At 10:49am AEST Pro Medicus’ share price had lifted 9.35% to $311.88.
Pro Medicus secures $190m in US contracts
The news: Healthcare imaging IT provider Pro Medicus has signed two US contracts to deliver its imaging platforms.
The numbers: This includes a $170 million 10-year contract with Colorado-based UCHealth, which has a network of 14 hospitals — including the University of Colorado Hospital — in addition to affiliate hospitals, clinic locations and other health care providers extending through Colorado, Wyoming and western Nebraska.
Pro Medicus has also signed a five-year contract renewal with Franciscan Missionaries of Our Lady Health System for a minimum value of $20 million.
The context: The UCHealth contract is on a transactional licensing model for its Visage 7 Enterprise Imaging Platform including its Viewer, Workflow, Open Archive and Cardiology Imaging software.
Pro Medicus will also migrate UCHealth’s legacy PACS archive to Visage 7 Open Archive as well as enterprise distribution of images integrated into UCHealth’s electronic health record. Go-live is targeted for Q2 of calendar year 2026.
Meanwhile, the Franciscan Missionaries of Our Lady Health System contracts include the renewal of Visage 7 Viewer — which will be migrated to the cloud — at a higher per transaction cost and a new contract for Visage 7 Open Archive.
Pro Medicus will also migrate the Franciscan Missionaries of Our Lady Health System’s existing archive to Visage 7 Open Archive.
