Pro Medicus renews A$16M contract with OSU
Key points
- PME signs 5-year, A$16M contract renewal with OSU
- Contract includes Visage 7 Workflow and Visage 7 Cardiology Imaging
- Transaction-based model with potential upside
Full summary
Pro Medicus Limited [ASX: PME] announced its U.S. subsidiary, Visage Imaging, Inc., has renewed a 5-year, A$16M contract with The Ohio State University Wexner Medical Center (OSUWMC). The contract includes Visage 7 Workflow and Visage 7 Cardiology Imaging. OSUWMC, a large academic medical center in Columbus, Ohio, employs approximately 22,000 staff and 2,000 physicians. This renewal brings Pro Medicus's total renewals for the financial year to A$141M, emphasizing its strong client retention.
Guidance
No specific financial metrics provided in the announcement.
Outlook
The transaction-based model offers potential upside, according to the announcement.
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