TechInvest News

ProMedicus’ Visage 7 to be used by Yale in $18 million deal - TechInvest Magazine Online

Written by Tech Invest | Nov 17, 2017 11:41:46 AM

Leading health imaging company Pro Medicus Limited [ASX: PME] has announced that its Visage 7 technology will be used by the prestigious Yale University.

Pro Medicus said an A$18 million, seven year contract has been signed between its wholly owned US subsidiary Visage Imaging, Inc. and Yale New Haven Health (“Yale”), affiliated with Yale University and Yale Medicine, the clinical practice of the Yale School of Medicine and the largest academic multi-specialty practice in New England.

The contract, based on a transaction licensing model, will see Pro Medicus’ Visage 7 technology implemented across all of Yale’s radiology departments and integrated to their EHR for imaging results.

Pro Medicus CEO Dr Sam Hupert said the implementation will span five hospitals — Bridgeport, Greenwich, Lawrence+Memorial, Westerly, and Yale New Haven hospitals, including Yale New Haven’s Children Hospital and Smilow Cancer Hospital at Yale New Haven, as well as numerous additional imaging locations across the state of Connecticut. Yale New Haven Hospital is the primary teaching hospital of the Yale School of Medicine.

The first locations are scheduled to go live early in the second half of FY2017 with the remainder to be rolled out over a six month period.

“This is another very significant contract for us,” said Dr Hupert. “Yale is one of the top academic institutions in the US and its’ medical school is renowned. Their decision further validates our belief that Visage 7 is uniquely positioned to cater to the needs of the most sophisticated and demanding clinical environments.

This is another major milestone for us in terms of market acceptance and we look to build on this as a basis for continued growth in North American and other global markets.”