pdfPME Signs US $4M Deal with Large Veterans Affairs Network – Acrobat pdf 37k

21 October 2013

Key Points:

  • Pro Medicus’ first US government contract
  • Contract is with VISN23 – a large regional veteran affairs network servicing more than 
400,000 veterans
  • Pro Medicus’ Visage 7 will be the central component of new, leading-edge technology platform
  • Five-year contract worth more than US $4 million

Leading e-health company Pro Medicus [ASX: PME] today announced its wholly-owned subsidiary, Visage Imaging Inc. (“Visage”), has signed a five-year US $4million agreement with VISN23, a large regional veterans affairs network in the United States of America.

The VISN23 network, one of 21 Veteran Integrated Service Networks within the Department of Veterans Affairs (VA), serves more than 400,000 enrolled Veterans residing in the states of Iowa, Minnesota, Nebraska, North Dakota, South Dakota and portions of Illinois, Kansas, Missouri, Wisconsin and Wyoming.

Under the terms of the agreement, Pro Medicus’ Visage 7 technology will be used for both diagnostic interpretation and clinical (referrer) distribution in all the radiology facilities covered by the network.

Dr Sam Hupert, CEO of Pro Medicus Ltd, said, “This is an extremely important sale for Pro Medicus. It is our first US government contract and we expect this may open up further opportunities for us within both the extensive US veterans affairs network and the broader government market. Secondly, it confirms our view that our technology is not limited to just one segment of the radiology market. It is ideally suited to the full spectrum of radiology businesses allowing us to address opportunities ranging from teleradiology/remote reading groups all the way through to large government enterprises.”

It is estimated that the rollout of Visage technology will commence in early 2014 with the progressive deployment of the technology over an estimated 12-month period.

Dr Hupert said, “This is the second big US contract we have won in the last six months, which will clearly help build on the presence we have established in North America. It has the possibility of opening up further opportunities both within the government arena as well as opportunities in private imaging