Pro Medicus Scores Fourth Major Contract in a Month, Shares Edge Higher

3 min read | December 30, 2024 11:37 AM AEDT | By Team Kalkine Media

Pro Medicus Scores Fourth Major Contract in a Month, Shares Edge Higher — Image source: shutterstock

A Growing Streak of Wins

Pro Medicus has been on a roll with a series of notable contract announcements. In late November, the company revealed a $24 million deal with NYU Langone Health, followed by a record-breaking $330 million agreement with Trinity Health. Last week, it added a $30 million deal with Duly Health and Care to its portfolio.

The latest contract with Duke University Health System builds on a prior partnership established in May 2019, when the health system adopted the Visage 7 Viewer.

What’s in the Deal?

The new agreement involves the deployment of Pro Medicus’ Visage 7 Open Archive, a cloud-based module designed for seamless interoperability in complex, multi-vendor environments. As part of the deal, Duke’s on-premise instance of Visage will transition to the cloud, alongside the integration of the Open Archive module.

Additionally, the Visage 7 Viewer contract has been extended for two more years, ensuring its continuation through to 2029. Pro Medicus has confirmed that planning for the rollout will commence immediately, with the migration of Duke’s existing archive forming a key component of the project.

CEO's Optimism for the Future

Dr. Sam Hupert, CEO of Pro Medicus, expressed optimism about the latest deal and its implications for the company’s future.

“This deal confirms our belief that there is a material opportunity for us to sell Visage 7 Open Archive to our existing base of 'viewer only' clients. Not only does this provide clients with a highly performant, highly scalable solution, but it also facilitates their transition from on-premise to cloud, a trend we see continuing,” Dr. Hupert said.

The Road Ahead

Pro Medicus’ strong pipeline of contracts underscores the growing demand for its innovative health imaging solutions.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content 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 stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music 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/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.