PME signs two 5-year contract renewals total minimum A$40M
| Stock | Pro Medicus Ltd (PME.ASX) |
|---|---|
| Release Time | 9 Mar 2026, 8:19 a.m. |
| Price Sensitive | Yes |
PME signs two 5-year contract renewals total minimum A$40M
- $31M 5-year renewal with Medstar for Visage 7 modules
- $9M 5-year viewer renewal with Zwanger-Pesiri
- Medstar contract to include Visage 7 Cardiology
Pro Medicus Limited has announced that its wholly owned U.S. subsidiary, Visage Imaging, Inc., has signed a 5-year contract renewal, including an addition of the new Visage 7 Cardiology Imaging module, with MedStar Health ('MedStar'), the largest health system in the Maryland and Washington, D.C. metropolitan region. The renewal has a minimum value of $31M. Visage Imaging, Inc. also signed a 5-year renewal contract with Long Island based Zwanger Pesiri, a large private outpatient radiology provider in the US, with a minimum value of $9M. The CEO, Dr. Sam Hupert, commented that the Medstar renewal is notable as Medstar was Pro Medicus' first fully cloud deployed customer and has grown considerably since their initial go-live. He also stated that the Zwanger-Pesiri renewal, their third contract term, reiterates the belief that Pro Medicus' solution provides the best return on investment of any system in the market from both a financial and clinical perspective.