Pro Medicus renews A$28M contract with Allegheny Health Network
Key points
- PME signs 5-year, A$28M contract renewal with Allegheny Health Network
- Contract includes Visage 7 Workflow
- Transaction-based model with potential upside
- Renewal negotiated with increased minimums and fees
Full summary
Pro Medicus Limited, a leading healthcare informatics company, announced its U.S. subsidiary, Visage Imaging, Inc., has renewed a 5-year, A$28M contract with Allegheny Health Network (AHN). The contract includes the addition of Visage 7 Workflow, enhancing the platform's capabilities. AHN, one of the largest health networks in the Pittsburgh metro area, has renewed the contract for a third term, underscoring the value Pro Medicus's solutions deliver. The transaction-based model offers potential upside, with increased minimums and fees per transaction.
Guidance
5-year, A$28M contract renewal with Allegheny Health Network
Outlook
Pro Medicus expects the renewal to maintain its track record of client retention and deliver strong financial and clinical returns.
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