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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%


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