PME signs A$53M, 7-year contract with BayCare

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Stock Pro Medicus Ltd (PME.ASX)
Release Time 4 Feb 2025, 10:16 a.m.
Price Sensitive Yes
 PME signs A$53M, 7-year contract with BayCare
Key Points
  • PME signs AUD $53M, 7-year contract with BayCare
  • Visage to replace legacy PACS and workflow throughout the BayCare system
  • Contract is for Visage 7 Viewer and Visage 7 Workflow
  • Visage 7 platform to be implemented in the cloud
Full Summary

Pro Medicus Limited (PME) has announced that its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a A$53M, 7-year contract with BayCare, the leading healthcare system in the Tampa Bay and central Florida regions of the U.S. Based on a transactional licensing model, the contract will see the company's cloud-based Visage 7 Enterprise Imaging Platform ('Visage 7'), including Visage 7 Viewer and Visage 7 Workflow modules, implemented throughout BayCare, providing a unified diagnostic imaging platform. Planning for the rollout is to commence immediately and will be based on Visage's proven cloud-based implementation process, with go-live targeted for late Q3/Q4 of the 2025 calendar year. BayCare is a large and diverse healthcare system, with 16 hospitals, hundreds of other convenient locations, a provider group of over 800 employed physicians, and more than 32,000 team members. The contract continues PME's expansion into the North American Integrated Delivery Network (IDN) market, with Visage 7 now being used by 70% of all Visage 7 North American clients.

Outlook

The company's pipeline remains strong and spans all market segments.