Pro Medicus Limited (ASX: PME) has announced a game-changing contract for its U.S. subsidiary, Visage Imaging, Inc., securing a AUD $330 million, 10-year deal with Trinity Health, one of the largest not-for-profit health systems in the United States. The deal is a significant step for Pro Medicus as it continues to expand its footprint in the North American healthcare sector.
Transforming Imaging at Trinity Health
Trinity Health operates 93 hospitals and over 200 healthcare facilities across 26 U.S. states, with more than 127,000 employees. Under the new contract, Visage Imaging will roll out its Visage 7 Enterprise Imaging Platform across Trinity Health’s vast network, replacing its outdated PACS system, which currently relies on nine vendors. This transition will include the deployment of Visage 7 Open Archive and Visage 7 Workflow modules, streamlining diagnostic imaging and integrating seamlessly with Trinity’s electronic health records (EHR).
Cloud-Based Innovation at Scale
The deal is a big win for Pro Medicus, marking its largest customer to date. Dr. Sam Hupert, CEO of Pro Medicus, highlighted the scope of the project, noting that over 650 radiologists and thousands of clinicians will use Visage 7. This marks Trinity Health as the first major client with a national reach, showcasing the platform’s scalability and versatility.
The partnership reflects a broader shift in the healthcare IT industry, where cloud-based solutions are rapidly becoming the standard. Trinity Health, like many recent clients, has opted for a fully cloud-based system, allowing for more efficient data management and improved accessibility for healthcare professionals across the network.
Looking Ahead: Growth and Opportunities
This major contract not only validates the strength of Pro Medicus’ cloud-based solutions but also signals a strong growth trajectory. With Visage 7 expected to be deployed across a large, complex network, Pro Medicus is well-positioned to secure similar deals in the future.
Dr. Hupert also emphasized the company’s strong pipeline, indicating that the success with Trinity Health is just the beginning. As cloud technology continues to gain ground in healthcare IT, Pro Medicus stands ready to capture additional market share.
Implications for Investors
For investors, this $330 million contract is a clear indication that Pro Medicus is on the rise. With a growing presence in the U.S. and a robust pipeline of opportunities, the company is well-positioned for sustained long-term growth. As healthcare providers continue to embrace cloud-based solutions, Pro Medicus’ expertise in this space could see it dominate the sector in the years to come.
