Highlights

  • Pro Medicus Ltd (ASX:PME) traded at AUD 180.82, down 0.83% during the day, with shares remaining down 40.36% over the past year.
  • The company signed a seven-year A$23 million contract with St. Luke’s Health System in the United States.
  • The agreement covers Visage 7 Viewer and Visage 7 Workflow through a cloud-based implementation.
  • The contract follows a transaction-based licensing model with potential upside.
  • Go-live for the Visage 7 Enterprise Imaging Platform is targeted for Q1 calendar year 2027.

Pro Medicus Ltd (ASX:PME) was trading at AUD 180.82, down 0.83% during the day, with shares remaining down 40.36% over the past year. The healthcare technology company has announced a new seven-year contract with St. Luke’s Health System in the United States, expanding the deployment of its cloud-based Visage 7 Enterprise Imaging Platform.

The agreement has been signed through Pro Medicus’ wholly owned US subsidiary, Visage Imaging Inc., and is valued at A$23 million over seven years. The contract will see St. Luke’s implement Visage 7 Viewer and Visage 7 Workflow across its healthcare network.

St. Luke’s Selects Visage 7 Enterprise Imaging Platform

St. Luke’s Health System, based in Boise, Idaho, is a not-for-profit healthcare provider operating across three states.

The health system includes 10 medical centres, including St. Luke’s Children’s Hospital, with St. Luke’s Boise Medical Center serving as its flagship hospital.

Under the agreement, St. Luke’s will adopt Pro Medicus’ cloud-based Visage 7 Enterprise Imaging Platform to provide a unified enterprise imaging environment.

The implementation will include Visage 7 Viewer and Visage 7 Workflow, with deployment planned through Pro Medicus’ established cloud-based implementation process.

Planning for the rollout will commence immediately, with the go-live targeted for Q1 calendar year 2027.

Cloud-Based Imaging Strategy Expands

The St. Luke’s agreement is structured under a transaction-based licensing model, which Pro Medicus said provides potential upside linked to usage.

The company continues to focus on cloud-based delivery through its CloudPACS strategy, which is designed around providing medical imaging capabilities through cloud environments.

Pro Medicus Chief Executive Officer Dr Sam Hupert said St. Luke’s joins a growing number of Visage 7 clients selecting the company’s fully cloud-based platform.

He said the company’s CloudPACS approach is becoming increasingly adopted within the North American healthcare information technology market.

Visage 7 Platform Supports Enterprise Imaging Needs

Pro Medicus’ Visage 7 suite provides medical imaging software and services for hospitals, imaging centres and healthcare groups.

The platform includes enterprise imaging capabilities designed to support the storage, viewing and workflow management of medical images.

The company stated that Visage 7 can be deployed across public and private cloud environments, providing a scalable platform for healthcare organisations.

The St. Luke’s agreement adds another healthcare provider to the company’s customer base using its cloud-based imaging technology.

US Healthcare Market Remains Key Focus

Pro Medicus said its customer pipeline continues to cover multiple healthcare market segments, including tier 1 academic medical centres, integrated delivery networks and private imaging groups.

Dr Hupert said the company’s pipeline spans large and mid-sized integrated delivery networks such as St. Luke’s, as well as private imaging providers.

The company highlighted the breadth of its addressable market across healthcare imaging applications.

Company Expands Global Healthcare Imaging Offering

Founded in 1983, Pro Medicus provides healthcare informatics solutions focused on medical imaging software and related services.

The company acquired Visage Imaging in 2009, expanding its operations into global medical imaging solutions.

Today, Pro Medicus offers the Visage 7 suite alongside solutions across radiology information systems (RIS), picture archiving and communication systems (PACS), artificial intelligence and e-health applications.

The company operates from offices in Melbourne, Berlin and San Diego.

Investor Takeaway

Pro Medicus’ latest contract with St. Luke’s Health System adds a seven-year A$23 million agreement to its cloud-based medical imaging platform portfolio. The deployment of Visage 7 Viewer and Visage 7 Workflow highlights continued adoption of the company’s enterprise imaging technology in the US healthcare market.

Investors may continue monitoring implementation progress, customer adoption of the Visage 7 platform and development of the company’s healthcare technology pipeline.