Pro Medicus Limited (ASX:PME) Signs A$170M, 10-Year Contract with UCHealth
Contract Details
Pro Medicus Limited’s wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a A$170M, 10-year contract with Colorado-based UCHealth. The contract encompasses the implementation of Visage 7 Viewer, Visage 7 Workflow, Visage 7 Open Archive, and Visage 7 Cardiology Imaging across UCHealth’s network of fourteen hospitals and affiliated clinics.
Product Implementation
The Visage 7 platform will be deployed in the cloud, replacing UCHealth’s legacy PACS archive. This unified enterprise imaging solution will integrate with UCHealth’s electronic health record (EHR) system, ensuring seamless image distribution and management. The transactional licensing model includes potential for additional revenue based on usage.
Executive Comments
Dr Sam Hupert, Pro Medicus CEO, stated, “UCHealth is a very highly regarded health system providing outstanding care to patients in the Rocky Mountain region of the U.S. They join an ever-growing list of Visage 7 clients to opt for our 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, “Notably, they have also opted for our cardiology offering which will provide UCHealth with a truly unified enterprise imaging solution, a trend we see continuing as more and more healthcare enterprises look to consolidate their disparate imaging systems.”
Motley Fool contributor Lianne Eastty 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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