Pro Medicus Limited (ASX:PME) Signs A$20M Contract with University of Iowa Health Care
Contract Details
Pro Medicus Limited [ASX:PME] has signed a A$20M, 5-year contract with University of Iowa Health Care. The agreement involves the implementation of the cloud-based Visage 7 Enterprise Imaging Platform, including Visage 7 Viewer, Visage 7 Workflow, and Visage 7 Open Archive, across UI Health Care’s facilities.
Product Implementation
The Visage 7 platform will replace UI Health Care’s legacy PACS archive and integrate with their electronic health record system. Implementation will start immediately, with a targeted go-live date in Q4 of 2025.
Executive Comments
“University of Iowa Health Care is a highly respected healthcare institution that takes great pride in the comprehensive care they deliver to all Iowans,” said Dr Sam Hupert, Pro Medicus CEO. “They join a long list of Visage 7 clients to opt for a fully cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.”
Dr Hupert continued, “Our pipeline remains strong and spans all market segments. As has been the case with many of our recent contracts, this deal is for our ‘full stack’ comprising all three core Visage products, namely viewer, workflow and archive, a trend we see continuing.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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