PME.ASX: PME signs $20M, 5-year contract renewal with FMOL Health

PME signs $20M, 5-year contract renewal with FMOL Health

Stock	Pro Medicus Ltd (PME.ASX)
Release Time	3 Jul 2025, 9:07 a.m.
Price Sensitive	Yes

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PME signs $20M, 5-year contract renewal with FMOL Health

Key Points

5-year contract renewal with a minimum value of A$20M
Contract renewal for Visage 7 Viewer and new contract for Visage 7 Open Archive
Visage 7 Viewer and Visage 7 Open Archive to be implemented in the cloud

Full Summary

Pro Medicus Limited, a leading healthcare informatics company, has announced that its wholly owned U.S. subsidiary, Visage Imaging, Inc., has signed a 5-year contract renewal and a new Visage 7 Open Archive contract with Louisiana-based Franciscan Missionaries of Our Lady Health System (FMOLHS). The contract has a minimum value of A$20M. Both the renewal of the Visage 7 Viewer, negotiated at a higher per transaction cost, and the new contract for Visage 7 Open Archive are transaction-based. As part of the deal, FMOLHS's current on-premise instance of Visage 7 will be deployed in the cloud along with Visage 7 Open Archive. The company believes this deal confirms the material opportunity to sell Visage 7 Open Archive to its existing base of 'viewer only' clients, with a trend towards cloud-based deployments.

Outlook

The company believes that over time, customers with on-premise implementations will join FMOLHS and a growing number of existing clients in transitioning to cloud, a trend the company sees continuing.