PME signs three new contracts - combined minimum value A$29M
| Stock | Pro Medicus Ltd (PME.ASX) |
|---|---|
| Release Time | 24 Nov 2025, 8:28 a.m. |
| Price Sensitive | Yes |
Pro Medicus signs three new contracts worth A$29M
- Signs three new customer contracts with a combined minimum value of A$29M
- Contracts cover a broad range of customers across multiple market segments
- All three contracts are 'Cloud/Full Stack' and transaction-based with potential upside
Pro Medicus Limited has announced that its wholly owned U.S. subsidiary, Visage Imaging, Inc., has signed three new contracts with a combined minimum contract value of A$29M. The contracts will be fully Cloud-deployed and are planned to be completed within the next 6 months. The contracts include a $6.5M 5-year contract with Children's of Alabama, a $9.5M 7-year contract with Roswell Park Comprehensive Cancer Center, and a $13M 7-year contract with Vancouver Clinic. These new contracts bring the company's minimum total contract value (TCV) for sales for the first half of FY26 to $273M. Pro Medicus CEO Dr. Sam Hupert commented that the diversity of the new clients, comprising a children's hospital, a cancer center, and a physician-owned regional healthcare provider, reinforces the company's belief that its product is ideally suited to virtually all segments of the market, from smaller groups to large IDNs and academic medical centers in the US. Dr. Hupert also noted that despite robust sales in the half, the company's pipeline remains strong with a broad range of opportunities, and the upcoming RSNA conference in Chicago is expected to be the company's biggest yet.