Pro Medicus Limited (ASX:PME) is looking for acquisitions. Peter Kempen, Chairman of the Board said, "And the other issue, which I sort of tried to cover in my earlier address, is that the value of some of the opportunities we might have looked at 2 years ago has probably come down given the movement in the market, needless to say, with current interest rates, we're not actually suffering too much by holding the cash. So it's a comfortable position to be in, but we're not idly thinking we'll just hang on forever.

It's a matter of deploying it in the various ways, rewarding shareholders; continuing to invest in the business, which is critical; and also acquisitions. But thank you for the question".