Highlights
- Pro Medicus signs a 7-year, AUD 25M Visage 7 Open Archive agreement with BayCare.
- The deal expands an existing arrangement into a full-stack cloud-based imaging platform.
- Contract supports continued participation in the North American integrated delivery network market.
Pro Medicus Limited (ASX:PME) is an Australia-based healthcare informatics company providing medical imaging software and related services to hospitals and imaging groups globally. Its Visage 7 product suite includes RIS, PACS, archive, workflow, AI, and e-health applications designed for deployment across on-premise and cloud environments.
Contract Expansion with BayCare
PME announced that its wholly owned U.S. subsidiary, Visage Imaging, Inc., has entered into a new 7-year agreement valued at AUD 25M with BayCare, a healthcare system operating across the Tampa Bay and central Florida regions. The agreement extends a prior contract signed in February 2025 and represents an expansion of the technology components supplied to BayCare.
Under the terms of the arrangement, BayCare will adopt the Visage 7 Open Archive in addition to the Visage 7 Viewer and Visage 7 Workflow modules already contracted. This combination is intended to provide BayCare with a full-stack imaging informatics solution.
Cloud-Based Archive Implementation
The newly signed contract provides for the implementation of the Visage 7 Open Archive as a cloud-based solution. Planning activities for the rollout are scheduled to commence immediately following contract execution. A key project element involves migrating BayCare’s existing imaging archive to the Visage 7 Open Archive hosted in the cloud environment.
With the addition of the archive module, all main components of the Visage 7 platform are expected to be integrated into BayCare’s imaging workflow. The full-stack configuration is targeted to reach go-live status in Q1 of the 2026 calendar year, subject to the planned implementation process.
Transaction-Based Licensing Model
The agreement is structured using a transaction-based licensing framework. Under this model, contract value is linked to usage volumes rather than a fixed licence structure. The announced figure of AUD 25M reflects the base contractual value over the seven-year term, with scope for changes depending on transaction activity levels.
This licensing approach is consistent with the structure of several recent imaging software agreements within large healthcare networks in the U.S. market.
North American Market Presence
The BayCare agreement adds to Pro Medicus’ portfolio of contracts within North American integrated delivery networks (IDNs). BayCare is one of the larger regional healthcare systems in Florida, and the extension of the existing relationship reflects continued engagement at the enterprise level.
Share Price Snapshot
PME was trading 1.842% lower at AUD 261.63 per share as of 01 December 2025.






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