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PRO MEDICUS LIMITED — Capital/Financing Update 2024
Nov 26, 2024
65579_rns_2024-11-26_72a46561-3185-4663-92ab-325193aafff1.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 $24M upgrade to “full stack” with NYU Langone Health
27 November 2024
HIGHLIGHTS
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PME signs AUD $24M, 5-year deal with NYU Langone Health
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Contract is to extend to “full stack” – with the addition of Visage 7 Open Archive to the Visage 7 Viewer and Visage 7 Workflow
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Visage 7 archive to be implemented in the cloud
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Continues PME’s expansion into North American academic institutions
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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 an additional $24M, 5-year contract with NYU Langone Health, one of the most respected and innovative healthcare institutions in North America.
The contract, based on a transaction-based licensing model, will see the addition of Visage 7 Open Archive deployed in the cloud and an eventual transition of NYU Langone’s entire current on-premise system to the cloud. The Visage 7 Viewer contract (signed in September 2020) has been extended for a further year to 2029, as part of the deal.
Planning for the rollout is to commence immediately and will involve the migration of NYU Langone’s current archive to the Visage 7 Open Archive.
“This is a significant deal for us as it confirms our belief that there is opportunity for us to sell our archive and worklist modules back to our “viewer only” clients.” said Dr Sam Hupert, Pro Medicus CEO. “And, in time, we believe those customers with on premise solutions will join NYU and transition to cloud, a trend we see continuing.”
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
Authorised by the Board of Pro Medicus Limited.
For further information:
Dr Sam Hupert Chief Executive Officer Pro Medicus Limited Phone: +61 3 9429 8800
Media:
Richard Allen Oxygen Financial Public Relations Mobile: +61 403 493 049
About Pro Medicus Limited:
Pro Medicus Limited [ASX: PME] is a leading healthcare informatics company. Founded in 1983, the company provides a full range of medical imaging software and services to hospitals, imaging centres and health care groups worldwide. In January 2009, the company acquired Visage Imaging transforming it into a global provider of leading-edge medical imaging solutions. The company’s Visage 7 suite of products are the foundation of an ultra-fast, clinically rich, and highly scalable platform that can seamlessly be implemented in both public and private cloud environments. The company offers a leading suite of RIS, PACS, Artificial Intelligence (AI) and e-health solutions constituting one of the most comprehensive end-to-end offerings in healthcare imaging. Pro Medicus has offices in Melbourne, Berlin and San Diego. www.promedicus.com.au
Pro Medicus Limited ABN 25 006 194 752