PME signs A$170M, 10-year deal with Colorado-based UCHealth
| Stock | Pro Medicus Ltd (PME.ASX) |
|---|---|
| Release Time | 3 Jul 2025, 9:09 a.m. |
| Price Sensitive | Yes |
PME signs A$170M, 10-year deal with Colorado-based UCHealth
- PME signs A$170M, 10-year contract with UCHealth
- Visage 7 platform to be implemented in the cloud
- Contract includes Visage 7 Viewer, Workflow, Open Archive, and Cardiology Imaging
Pro Medicus Limited has announced that its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a A$170M, 10-year contract with Colorado-based UCHealth. UCHealth is a network of fourteen (14) hospitals, with affiliate hospitals, clinic locations and healthcare providers throughout Colorado, Wyoming, and western Nebraska. The contract will see the company's cloud-based Visage 7 Enterprise Imaging Platform, including Visage 7 Viewer, Visage 7 Workflow, Visage 7 Open Archive, and Visage 7 Cardiology Imaging, implemented throughout UCHealth, providing a single, unified enterprise imaging platform. The contract also includes migration of UCHealth's legacy PACS archive to Visage 7 Open Archive as well as enterprise distribution of images integrated into UCHealth's electronic health record (EHR). Planning for the rollout is to commence immediately and will be based on Visage's proven cloud-based implementation process, with go-live targeted for Q2 of the 2026 calendar year.
The A$170M, 10-year contract with UCHealth is expected to contribute significantly to Pro Medicus' revenue and profitability over the contract period.
Pro Medicus' pipeline remains strong, spanning all market segments, with growing interest in the company's 'full stack' solution comprising all three core Visage products - viewer, workflow, and archive - with the added option of 'other ologies' such as cardiology.