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PRO MEDICUS LIMITED — Capital/Financing Update 2014
Apr 21, 2014
65579_rns_2014-04-21_3c400b5c-6926-48e0-81b2-61acf619727b.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
Company Announcement
Pro Medicus signs large US health network
Tuesday 22nd April 2014
Key points :
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Large US health network to use Pro Medicus’ Visage 7 enterprise imaging platform for primary diagnoses and distribution of medical images
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Six-year deal, with base value to PME of $A20M
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Transaction-based model with potential upside
Leading e-health company Pro Medicus Limited [ASX: PME] today announced the signing of a contract with a large US health network which will use Pro Medicus’ Visage 7 technology as a core component of its new enterprise imaging platform.
Under the agreement, Visage technology will be used for primary diagnosis by radiologists, as well as distribution of diagnostic images to the client’s extensive base of referring physicians via electronic medical records integration.
The contract, which is based on an operational (transaction) model, covers a six-year term with a base contract value of $A20M to Pro Medicus with potential for further upside as the use of the technology is expanded throughout the health system.
Dr Sam Hupert, Pro Medicus’ CEO, said the deal was the culmination of efforts by our global team spanning Australia, Europe and the USA. “We are extremely pleased that a health system as large and well regarded as this one has recognized the unique benefits of our technology and the value it delivers.”
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. In late January 2009 the company announced the purchase of Visage Imaging, a leader in advanced 3D visualization technology. As a result of the Visage acquisition, Pro Medicus now has a suite of leading-edge 3-dimensional Picture Archiving and Communication System (PACS) and advanced visualisation products which, combined with its Practice Management (RIS) and e-health solutions, constitutes one of the most comprehensive “end-to-end” solutions for the radiology profession. Pro Medicus employs more than 70 people and has offices in Melbourne, Berlin and San Diego.
Pro Medicus Limited ABN 25 006 194 752