Highlights

Pro Medicus shares surged 8.3% to AUD 308.87 in morning trade, bringing its 12-month gain to 126.5%.

The company secured two major US contracts: a five-year deal with FMOLHS valued at a minimum of AUD 20 million and a 10-year, AUD 170 million contract with UCHealth.

CEO Sam Hupert highlighted growing demand for the company’s full-stack, cloud-based Visage 7 Imaging Platform across North America.

Shares of Pro Medicus Ltd (ASX:PME) surged on Thursday following the announcement of two significant US-based contract wins. The health imaging software provider’s share price rose 8.3% in morning trade to AUD 308.87, up from the previous close of AUD 285.20. This latest rally brings its 12-month share price increase to 126.5%, well above the S&P/ASX 200 Index, which is up 11.0% over the same period.

The sharp rise follows news that the company, via its wholly owned US subsidiary Visage Imaging, has signed two new agreements for its Visage 7 Enterprise Imaging Platform.

The first deal involves a five-year renewal and a new Visage 7 Open Archive contract with Franciscan Missionaries of Our Lady Health System (FMOLHS), based in Louisiana. Pro Medicus said the minimum value of the combined contracts is AUD 20 million, and both are transaction-based. Commenting on the agreement, CEO Sam Hupert noted that the deal supports the company’s strategy to expand its archive solutions to existing "viewer only" clients.

"This deal confirms our belief that there is a material opportunity for us to sell Visage 7 Open Archive to our existing base," Hupert said. "We believe those with on-premise implementations will increasingly shift to cloud, following in the footsteps of FMOLHS and other clients."

The second and more substantial announcement was a 10-year, AUD 170 million contract with UCHealth, a large health network based in Colorado. The agreement will see Visage 7’s full cloud-based platform deployed across 14 hospitals and various affiliated clinics and healthcare providers in Colorado, Wyoming, and western Nebraska.

Hupert said UCHealth joins a growing number of North American clients adopting the company’s fully cloud-based imaging system. He noted that the CloudPACS strategy is gaining traction and becoming a standard across the region’s healthcare IT landscape.

The two contracts highlight the company’s continued momentum in the US market.