PME.ASX: PME signs 5-year, A$37M contract renewal with Northwestern

PME signs 5-year, A$37M contract renewal with Northwestern

Stock	Pro Medicus Ltd (PME.ASX)
Release Time	13 Apr 2026, 9:04 a.m.
Price Sensitive	Yes

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Pro Medicus signs 5-year, A$37M contract renewal with Northwestern

Key Points

5-year contract renewal for Visage 7 Viewer
Transaction-based renewal with potential upside
Renewal includes increased minimums and fee per transaction

Full Summary

Pro Medicus Limited has announced that its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a 5-year contract renewal with Northwestern Medicine (NM), a premier academic health system based in Chicago. The A$37 million contract renewal is for the Visage 7 Viewer. The renewal is a transaction-based contract with potential upside, and includes increased minimums and an increased fee per transaction, reflecting the growth in NM's exam volumes since standardizing on the Visage platform five years ago. Pro Medicus CEO Dr. Sam Hupert commented that the company is extremely pleased with the renewal, which underpins the belief that the Visage solution provides unparalleled return on investment from both a financial and clinical perspective. This contract renewal is the latest in a string of nearly A$80 million in renewals secured by Pro Medicus in the last month, maintaining the company's track record of client retention.

Guidance

The 5-year, A$37 million contract renewal with Northwestern Medicine includes increased minimums and an increased fee per transaction.