Pro Medicus Limited (ASX:PME) Secures A$53M Contract with BayCare
Contract Details
Pro Medicus Limited [ASX:PME] has signed a A$53 million, 7-year contract with BayCare, a leading healthcare system in Tampa Bay and central Florida. The agreement involves the implementation of the Visage 7 Enterprise Imaging Platform, including Visage 7 Viewer and Visage 7 Workflow modules, across the BayCare network.
Implementation Plan
The Visage 7 platform will be deployed in the cloud, with the rollout commencing immediately. Pro Medicus aims for a go-live date in late Q3/Q4 of the 2025 calendar year, leveraging its proven cloud-based implementation process.
Market Expansion
This contract marks Pro Medicus’s continued expansion into the North American Integrated Delivery Network (IDN) market. The transaction-based model offers potential upside as Pro Medicus broadens its presence in the region.
Executive Comments
Dr Sam Hupert, Chief Executive Officer of Pro Medicus, stated, “BayCare joins our rapidly growing list of integrated delivery network (IDN) clients. 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.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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