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PME - Pro Medicus

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One of my picks in the 2025 stock tipping comp. Have been following this stock for a while but yet to invest, as spare capital being used for real estate upgrades. While the price of PME has gone up, one of my friends who is a retired doctor feels the management has the strategy right for this share to be the next CSL.

Iggy
 
@mullokintyre

PME signs $33M, 9-year contract with University of Kentucky

16 January 2025

HIGHLIGHTS PME signs AUD $33M, 9-year deal with the University of Kentucky (UK)

 Visage to replace legacy PACS and vendor neutral archive throughout the UK system
 Contract is for “full stack” - Visage 7 Viewer, Visage 7 Open Archive and Visage 7 Workflow
 Visage 7 platform to be implemented in the cloud
 Continues PME’s expansion into North American academic institutions
 Transaction-based model with potential upside
Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly owned U.S. subsidiary, Visage Imaging, Inc., has signed a $33M, 9-year contract with the University of Kentucky, the preeminent academic health system in the state of Kentucky.University of Kentucky (UK) HealthCare is a comprehensive healthcare system that includes a network of hospitals, clinics, and specialized medical services.
UK HealthCare is anchored by the UK Albert B. Chandler Hospital, which is a leading medical facility in the region, offering advanced treatment options and cutting-edge research.
The system also includes the UK Good Samaritan Hospital, which provides a range of services including emergency care, surgery, and rehabilitation.UK HealthCare is affiliated with the University of Kentucky College of Medicine, ensuring a strong emphasis on education, research, and innovation.Based on a transactional licensing model, the contract will see the company’s cloud-based Visage 7 Enterprise Imaging Platform (‘Visage 7’), including Visage 7 Open Archive and Visage 7 Workflow modules, implemented throughout UK providing a unified diagnostic imaging platform. Visage will complete the migration from UK’s legacy PACS archive and vendor neutral archive to Visage 7 Open Archive.
Visage 7 will also provide enterprise distribution of images integrated to UK’s electronic health record (EHR).Planning for the roll-out is to commence immediately and will be based on Visage’s proven cloud-based implementation process, with go-live targeted for Q2 of the 2025 calendar year.
“University of Kentucky joins our growing list of academic clients,” said Dr Sam Hupert,Pro Medicus CEO. “They also join a long list of Visage 7 clients to opt for a fully cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.”
“Our pipeline remains strong and spans all market segments. As has been the case with many of our recent contracts, this deal is for our “full stack” comprising all three Visage products namely viewer, workflow and archive, a trend we see continuing.”

Authorised by the Board of Pro Medicus Limited.

please note UK stands for University of Kentucky , here

i hold PME ('free-carried' )

whew ! my 2025 yearly comp. hopes needed a boost
 
@mullokintyre

PME signs A$53M, 7-year contract with BayCare
4 February 2025
HIGHLIGHTS
• PME signs AUD $53M, 7-year contract with BayCare
• Visage to replace legacy PACS and workflow throughout the BayCare system
• Contract is for Visage 7 Viewer and Visage 7 Workflow
• Visage 7 platform to be implemented in the cloud
• Continues PME’s expansion into North American IDN Market
• Transaction-based model with potential upside
Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly-
owned U.S. subsidiary, Visage Imaging, Inc., has signed a A$53M, 7-year contract with BayCare,
the leading health care system in the Tampa Bay and central Florida regions of the U.S.
Based on a transactional licensing model, the contract will see the company’s cloud-based
Visage 7 Enterprise Imaging Platform (‘Visage 7’), including Visage 7 Viewer and
Visage 7 Workflow modules, implemented throughout BayCare providing a unified diagnostic
imaging platform.
Planning for the rollout is to commence immediately and will be based on Visage’s proven cloud-
based implementation process, with go-live targeted for late Q3/Q4 of the 2025 calendar year.
BayCare connects individuals and families to a wide range of services at 16 hospitals and
hundreds of other convenient locations:
• The system is West Central Florida’s largest provider of behavioral health and pediatric
services and its provider group, BayCare Medical Group, is one of the largest in the region.
• BayCare’s diverse network of ambulatory services includes laboratories, imaging, surgical
centers, BayCare Urgent Care locations, wellness centers and one of Florida’s largest
home care agencies, BayCare HomeCare.

• BayCare’s graduate medical education programs are expanding to help ensure West
Central Florida and BayCare continue to attract the best physicians. By mid-2025,
BayCare will be operating 18 programs with 283 residents and has committed to expand to
650 residents by 2029.
• BayCare has more than 32,000 team members, including more than 800 employed
physicians.
• BayCare’s mission is to improve the health of all it serves through community-owned,
health care services that set the standard for high-quality, compassionate care. For more
information visit BayCare.org.
“BayCare joins our rapidly growing list of integrated delivery network (IDN) clients,” said
Dr Sam Hupert, Pro Medicus CEO. “They also join the 70% of all Visage 7 North American clients
to opt for a cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the
standard in the North American healthcare IT market.”
Dr Hupert continued, “Our pipeline remains strong and spans all market segments.”

Authorised by the Board of Pro Medicus Limited.

( i hold PME 'free-carried' )
 
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