Pro Medicus : PME Signs 8-year Contract with The University of Vermont Health Network Inc.

13 May 2021; Company Announcement - The UVM Health Network Final - Acrobat pdf 157k

Highlights

• PME signs 8-year, A$14M deal with The University of Vermont Health Network Inc.
• Visage to replace multiple legacy PACS
• Visage 7 to be deployed in the public cloud
• Further extends PME's US academic institution footprint
• 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 $14M, 8-year contract with The University of Vermont Health Network Inc (UVM).

Based on a transactional licensing model, the contract will see the company's Visage 7 Enterprise Imaging Platform ('Visage 7') implemented across UVM's six hospitals, providing a unified diagnostic imaging platform across the network. The UVM Medical Center in Burlington, Vermont is the teaching hospital for The Larner College of Medicine.

Planning for the rollout is to commence immediately with initial go-lives targeted for the second half of the calendar year. Visage 7 will be fully deployed in the public cloud.

'We continue to build momentum in the market with this, our seventh contract win in a row, adding to other recent major announcements,' said Dr Sam Hupert, Pro Medicus CEO. 'UVM Health Network is the fourth of these to opt for a cloud-based solution, a trend we see increasing rapidly amongst healthcare systems in North America.'

'Our pipeline continues to grow. Visage 7, with its proven cloud-native capability, provides us with a significant strategic advantage that enables us to address these opportunities across a growing segment of the market both in North America and other regions.'