Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

Healthcare informatics company Pro Medicus Ltd (ASX:PME) has signed a 5-year contract extension – valued at a minimum of $32 million – with a notable Australian Radiology Network.

The contract relates to PME’s RIS product: a radiology information systems medical software which facilitates management, training, installation and professional services, with specific capabilities including patient registration, billing, scheduling, typing and financial reporting.

CEO Dr Sam Hupert said the contract extension – which was negotiated at an increased fee – is indicative of PME’s status in the leveraging of this kind of technology.

“This contract extension cements our leadership position when it comes to RIS in the Australian market,” he said.

At 13:08 AEDT, shares in PME were trading at $189.62 – a fall of 0.39% since the market opened.

Join the discussion: See what HotCopper users are saying about PME and be part of the conversations that move the markets.