The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Pro Medicus (ASX:PME) inks eight-year contract with the Oregon Health & Science University (OHSU), valued at $20 million
  • The contract follows a transactional licensing model, involving the implementation of Pro Medicus’ cloud-engineered solution, Visage 7
  • OHSU encompasses a total of 576 licensed beds and employs a workforce of nearly 20,000 staff members
  • Visage 7 also plays a role in providing the enterprise-wide distribution of images, seamlessly integrated into OHSU’s electronic health record (EHR) system
  • PME shares are up .75 per cent, trading at $85.82 at 12:17 pm AEDT

Leading health imaging company Pro Medicus (ASX:PME), through its US subsidiary, has inked an eight-year contract with the Oregon Health & Science University (OHSU), valued at $20 million.

OHSU, Oregon’s primary academic medical centre, encompasses both OHSU Hospital and OHSU Doernbecher Children’s Hospital, with a combined total of 576 licensed beds and a workforce of nearly 20,000 staff members.

The contract follows a transactional licensing model, involving the implementation of Pro Medicus’ cloud-engineered solution, Visage 7, including Visage 7 Open Archive and Visage 7 Workflow modules, across OHSU to establish a unified diagnostic imaging platform.

“OHSU adds to our rapidly growing list of clients in the Pacific Northwest, they also join a long list of Visage 7 clients to opt for a fully cloud-engineered solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market,” PME CEO Dr Sam Hupert said.

“Our pipeline remains strong and spans all market segments. This deal is for our ‘full-stack’ comprising all three Visage products namely viewer, workflow and archive, a trend we see continuing.”

Visage 7 will also play a role in providing the enterprise-wide distribution of images, seamlessly integrated into OHSU’s electronic health record (EHR) system.

PME shares were up .75 per cent, trading at $85.82 at 12:17 pm AEDT.

PME by the numbers
More From The Market Online
The Market Online Video

Daily ASX Market Close: Index slides as basketball fan makes $40 million bid for Perth Wildcats, May 30, 2024

The ASX200 continued to slide today, shedding another half a per cent off the back of…
The Market Online Video

Daily ASX Market Update: Materials drags market under – May 30, 2024

The ASX200 is trading down as predicted, around half a per cent.

Sports Entertainment Group jumps 15% as firm bids to buy Perth Wildcats for $40M

Sports Entertainment Group announced on Thursday it has received a non-binding offer to buy WA basketball…
The Market Online Video

Market Update: ASX turns green with real estate flowering

The ASX200 is trading up around 0.7 per cent.