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PRO MEDICUS LIMITED — Capital/Financing Update 2012
Jul 31, 2012
65579_rns_2012-07-31_7ea731d7-cf44-4c35-a994-bcf51b340b87.pdf
Capital/Financing Update
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Pro Medicus Limited 450 Swan Street Richmond Victoria 3121 Australia T +61 3 9429 8800 F +61 3 9429 9455 promedicus.com
Pro Medicus completes sale of Amira business to French company VSG
1st August 2012
Leading e-health company Pro Medicus Limited [ASX: PME] today announced that it has completed the sale of the group’s Amira software platform business to Visualization Sciences Group (VSG) a, French IT company, for a cash consideration of €12.1 Million.
The Amira business, included as part of the acquisition of Visage Imaging from Mercury Computer Systems in 2009, provides software tool kits for visualizing, manipulating and understanding life science and bio-medical imaging to universities, research institutions as well as to manufacturers of scientific equipment.
Sam Hupert, CEO of Pro Medicus, said, “This transaction makes sense for both parties. We bought Visage Imaging for its thin client 3D diagnostic imaging (radiology) technology platform which we have developed into Visage 7®, a world-class range of 2-D/3-D PACS (digital imaging) products. We see our growth in leading edge IT solutions for radiology.”
"VSG on the other hand develops and markets high-performance visualization software for developers, engineers and scientists in material science and geoscience markets so I think Amira is an excellent fit for them. It will expand their portfolio significantly."
Details of the commercial impact of the deal will be released by the company in its full-year results in mid-August, however according to Dr Hupert, proceeds from the Amira sale will provide significant additional resources to grow the base for the company’s Radiology Practice Management and Visage 7® suite of products in Australia as well as in the key markets of Europe and North America.
Pro Medicus Limited ABN 25 006 194 752
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Pro Medicus Limited 450 Swan Street Richmond Victoria 3121 Australia T +61 3 9429 8800 F +61 3 9429 9455 promedicus.com
For further information:
Dr Sam Hupert Chief Executive Officer Pro Medicus Limited Ph: +61 3 9429 8800
Media: Richard Allen Oxygen Financial Public Relations Ph: +61 3 9915 6341
About Pro Medicus Limited:
Pro Medicus Limited [ASX: PME] is Australia’s leading medical IT and e-health provider. Founded in 1983, the company provides a full range of integrated software products and services to individual, corporate and public health providers. More than 26,000 doctors are now connected to the company’s e-health service, promedicus.net. A key growth area for the company is the adoption of its digital technology by radiology providers as they move away from analogue systems. In late January 2009, the company announced the purchase of Visage Imaging, a leader in advanced 3D visualisation technology. In 2010, the company’s Visage 7 technology was honoured with the Frost and Sullivan award for best “North American Medical Imaging Healthcare Innovation of the Year”.
Pro Medicus Limited ABN 25 006 194 752