$69 postpage LB

What is Driving Pro Medicus’ (ASX:PME) Share Price Today?

  • January 14, 2021 12:46 PM AEDT
  • Team Kalkine

Leading health imaging IT player Pro Medicus Limited (ASX:PME) has entered a A$40 million contract with Intermountain Healthcare. The 7-year contract with Intermountain (based in Salt Lake City) is secured by the wholly-owned US subsidiary of PME- Visage Imaging Inc.

Gold MTF non-AMP

Let us discuss the highlights of the contract -

  • The deal will see the implementation of PME’s Visage 7 Viewer and Visage 7 Open Archive products across all of the imaging and radiology departments of Intermountain.
  • It is secured on the basis of a transactional licensing model.
  • The Company is planning to start rollout in the 3rd quarter of FY21.
  • The contract will go live for first sites shortly after the launch.
  • It will offer PME a material footprint in Intermountain West, which is an untapped region for the Company.

On 14 January 2020, PME shares were trading at A$36.120, up by 13.692% at AEDT 12:33 PM.

MORE INFORMATION AT: Pro Medicus (ASX:PME) signs a 7-year deal with Intermountain, shares up ~12%

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK