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PRO MEDICUS LIMITED — Capital/Financing Update 2012
Jul 1, 2012
65579_rns_2012-07-01_c0b70ec4-d48c-4a5a-a3cd-c3da52119e46.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 to sell Amira division for $A15 million
Monday 2nd July 2012
Leading e-health company Pro Medicus Limited [ASX: PME] today announced that it has executed a binding letter of intent with a European-based IT company to sell the group’s Amira software platform business for €12Million (approximately A$15 million).
Pro Medicus bought the Amira business as part of its acquisition of Visage Imaging from Mercury Computer Systems in February 2009.
The Amira division provides software tool kits for visualizing, manipulating and understanding life science and bio-medical imaging data including clinical and preclinical image data, nuclear data, optical or electron microscopy imagery and molecular models. Key clients include universities and research institutions in the life sciences area as well as manufacturers of scientific equipment.
The transaction, which is subject to due diligence and finalisation of a formal purchase and sale agreement, is expected to be completed by the 31[st] of July 2012.
Sam Hupert, CEO of Pro Medicus, said, “Whilst Amira is a very good business that has grown since we acquired it as part of Visage in 2009, the main thrust of our go forward strategy centres on the global radiology/diagnostic imaging market. The transaction as proposed will provide us with significant additional resources allowing us to apply even greater focus to the growth of our Radiology Practice Management and Visage Imaging 3D/digital imaging products in Australia and our 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