Pro Medicus Limited (ASX:PME) Secures A$40M, 7-Year Contract with LucidHealth
Contract Details
Pro Medicus Limited (ASX:PME) announced its U.S. subsidiary, Visage Imaging, Inc., has signed a A$40M, 7-year contract with LucidHealth. The agreement entails implementing the cloud-based Visage 7 Enterprise Imaging Platform, including Visage 7 Viewer, across LucidHealth’s 140 care sites. The rollout will commence immediately with a phased go-live planned for late Q3/Q4 of 2025.
Market Expansion
The contract supports Pro Medicus’s expansion into the North American private market and teleradiology networks. LucidHealth employs over 300 radiologists and offers subspecialised remote and onsite radiology reading services within its integrated network.
Executive Comments
Dr Sam Hupert, Pro Medicus CEO, stated, “LucidHealth joins our rapidly growing list of private practice clients. Their needs, which include subspecialised onsite and remote reading/teleradiology capabilities, are uniquely catered for by our proprietary server-side streaming technology reinforcing our view that Visage 7 is ideally positioned to address this market and the other key market segments we service, which include academic medical centres, IDNs and outpatient clinics.”
Dr Hupert continued, “LucidHealth joins the increasing number of Visage 7 North American clients to opt for Visage CloudPACS, our cloud-based solution, which is fast becoming the standard in the North American healthcare IT market.”
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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