Pro Medicus signs five new deals worth a combined minimum of $45M

Leading health imaging company Pro Medicus' (ASX: PME] wholly owned US subsidiary, Visage Imaging, has signed five new contracts with a combined minimum contract value of $45 million.

The contracts will be fully Cloud deployed and are expected to be completed within the next 6 months:

• A $9.5M, 5-year contract with Consulting Radiology, a private radiology group in Minnesota
• A $11.5M, 7-year contract with Nationwide Children’s Hospital, a leading paediatric hospital in Columbus, Ohio
• A $6.5M, 5-year contract with Nicklaus Childrens Hospital, a leading paediatric hospital in Miami, Florida
• A $9M, 8-year contract with Moffitt Cancer Centre, in Tampa, Florida
• A $8.5M, 5-year contract with US Radiology Specialists, a partnership of physician owned radiology practices.

The contracts bring the company’s minimum total contract value (TCV) for new sales this financial year to $245 million.

“They are a diverse group, two children’s hospitals, two physician led private radiology groups and a cancer centre. This reinforces our belief that our product is ideally suited to virtually all segments of the market from smaller groups all the way though to some of the largest IDN’s and academic medical centres in the US,” CEO Dr Sam Hupert said.

“Despite record new contract signings this year, our pipeline remains strong with a broad range of opportunities both in terms of size and market segments.”