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PRO MEDICUS LIMITED — Capital/Financing Update 2020
Nov 18, 2020
65579_rns_2020-11-18_2b3692fb-83aa-4867-9d45-f3eddf305d10.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 www.promed.com.au
Company announcement
PME signs A$8.5M – 5-year renewal contract with Zwanger Pesiri
19 November 2020
HIGHLIGHTS
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PME signs 5-year renewal contract with Zwanger Pesiri
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Zwanger Pesiri one of the largest private outpatient radiology providers in the U.S.
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Transaction-based model with potential upside
Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its whollyowned U.S. subsidiary, Visage Imaging, Inc., has signed a 5-year renewal contract with Long Island based Zwanger Pesiri, one of the largest private outpatient radiology providers in the U.S.
The contract, based on a transaction-based licensing model, will see the company’s Visage 7 technology continued to be used across all Zwanger Pesiri locations for the next 5 years.
“We have had a great partnership with Visage over the preceding 5 years,” said Dr Steve Mendelsohn, CEO of Zwanger Pesiri. “The speed and capabilities of their software is unrivalled in the market. Since implementing it 5 years ago, we have experienced significant increases in radiologist productivity and clinical accuracy which has underpinned our substantial growth over that time.”
“We are very pleased to have played such a key role in Zwanger Pesiri’s growth over the past 5 years.” said Dr Sam Hupert, Pro Medicus CEO. “We believe our solution provides the best return on investment of any system in the market from both financial and clinical perspectives. We think the results we achieved at Zwanger Persiri is validation of that.”
Authorised by the Board of Pro Medicus Limited.
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 www.promed.com.au
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 a leading medical imaging I.T. provider. Founded in 1983, the company provides a full range of radiology I.T. software and services to hospitals, imaging centres and health care groups worldwide. In late January 2009, the company announced the purchase of Visage Imaging, which has become a global provider of leading edge enterprise imaging solutions, pioneering the best-of-breed, or Deconstructed PACS[®] enterprise imaging strategy. Visage 7 technology delivers amazingly fast, multi-dimensional images streamed via an intelligent thin-client viewer. The company offers a leading suite of RIS, PACS and e-health solutions constituting one of the most comprehensive end-to-end offerings in radiology. Pro Medicus has global offices in Melbourne, Berlin and San Diego. www.promed.com.au
Pro Medicus Limited ABN 25 006 194 752