Pro Medicus (ASX:PME) inks two contract renewals worth AU$47M

June 14, 2022 01:24 PM AEST | By Sonal Goyal

Pro Medicus (ASX:PME) inks two contract renewals worth AU$47M — Image source: © Andreyyalansky19 | Megapixl.com

Details of the AU$47M renewal contracts

According to the ASX-announcement, Visage Imaging, Inc., a wholly owned subsidiary of Pro Medicus, has signed a renewal contract with Sutter Health for seven years. Sutter Health is a large IDN (integrated delivery network) based in California.

Another contract with Wellspan Health is renewed for five years. It is an integrated health system which is based in Pennsylvania.

Through ASX-announcement, Pro Medicus management informed that both contracts are transaction-based, with potential upside. In addition, the arrangements are negotiated at a higher fee per transaction than the original contracts.

On the development, the CEO of the company, Sam Hupert said:

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