Pro Medicus signs $20M contract with University of Iowa Health Care

Pro Medicus Ltd (ASX:PME) has signed a 5-year contract worth A$20 million with University of Iowa Health Care (UI Health Care) which will see its cloud-based imaging platform Visage 7 rolled out across the latter’s system.

The contract – signed by PME’s US-based subsidiary Visage Imaging, Inc – is based on a transactional licensing model, and involves the implementation of Visage 7 Viewer, Visage 7 Workflow and Visage 7 Open Archive, across the UI Health Care system.

Additionally, UI Health Care’s migration from its legacy PACS archive to the Visage Open Archive will also be completed by Visage, with Visage 7 also providing enterprise distribution of images integrated to UI Health Care’s electronic health record (EHR).

The go-live of the new system is targeted for the fourth quarter of 2025, and work on this will begin immediately, based on Visage’s cloud-based implementation process.

Pro Medicus CEO DR Sam Hupert said the rollout of Visage 7 would be a boost to the UI Health Care’s system, which includes 3 patient campuses and nearly 20,000 staff members – with more than 1,200 staff physicians and dentists, nearly 800 resident and fellow physicians, and over 5,300 nursing staff.

“University of Iowa Health Care is a highly respected healthcare institution that takes great pride in the comprehensive care they deliver to all Iowans,” he said.

“They join a long list of Visage 7 clients to opt for a fully cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.”

Pro Medicus shares have risen since the news, and at 10:58 AEST, they were trading at $247.40 – a rise of 4.4.31% since the market opened.

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