Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Pro Medicus (PME) signs a seven-year, $28 million contract with Allina Health through its wholly-owned US subsidiary Visage Imaging
  • Under the terms of the contract, the company’s Visage 7 Enterprise Imaging Platform and Visage 7 Workflow module will be implemented throughout the Allina Health network
  • Planning for the rollout will commence immediately and will be based on Visage’s proven cloud native implementation process with initial go-lives targeted for the second half of 2022
  • The contract also marks Pro Medicus’ continued rapid expansion into North American integrated delivery networks
  • Shares in Pro Medicus were down 0.29 per cent to $41.17 at the close of trading on Thursday

Leading health imaging company Pro Medicus (PME) has signed a seven-year, $28 million contract with Allina Health through its wholly-owned US subsidiary Visage Imaging.

Under the terms of the contract, the company’s Visage 7 Enterprise Imaging Platform and Visage 7 Workflow module will be implemented throughout the Allina Health network, which will provide a unified diagnostic imaging platform across the network.

Planning for the rollout will commence immediately and will be based on Visage’s proven cloud native implementation process with initial go-lives targeted for the second half of 2022.

The contract also marks Pro Medicus’ continued rapid expansion into North American integrated delivery networks (IDN).

Pro Medicus CEO Dr Sam Hupert said this is the company’s fifth major contract in the North American integrated delivery network (IDN) in 18 months, underpinning the strong momentum building in the market.

“IDN’s are growing because of the trend towards value-based medicine coupled with industry consolidation,” Dr Hupert said.

“Our Visage 7 platform is ideally suited to meet their needs with its unparalleled speed, scalability, and proven cloud capability.”

Allina Health joins an increasing number of Visage clients to opt for a fully cloud-based solution, a trend that has taken a major foothold in the North American healthcare IT market.

“Our pipeline remains strong and spans a growing number of market segments, including academic institutions, the IDN space, independent radiology groups, and the for-profit sector,” Dr Hupert added.

“Our proven cloud-engineered technology provides us with a very significant strategic
advantage with the last six of our major contracts being cloud-based — a trend we think will continue.”

Shares in Pro Medicus were down 0.29 per cent to $41.17 at the close of trading on Thursday.

PME by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…

" Bannerman Energy (ASX:BMN) completes $40.7m institutional placement

Bannerman Energy (ASX:BMN) has raised $40.7 million via institutional placement, with the funds to be used…