Pro Medicus Signs $27M – 7 year Contract with US-based Partners HealthCare
20 November 2018; Company Announcement - Pro Medicus Signs Partners HealthCare - Acrobat pdf 119k Highlights PME signs 7 year deal with Partners HealthCare in the USAInitial rollout to include Massachusetts General Hospital and Brigham and Women’s Hospital, ranked fourth and twentieth best hospitals in the USA Estimated value to PME for the initial rollout in excess of AUD $27M Scope to expand to the rest of Partners HealthCare in the future Transaction-based model with significant potential upside Two of the top four hospitals in the USA are now Visage clients Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly-owned US subsidiary, Visage Imaging, Inc., has signed an AUD $27 million, 7-year contract with Partners HealthCare (“Partners”), the largest health system in the state of Massachusetts and one of the largest and most respected health providers in North America. Partners was founded in 1994 by Massachusetts General Hospital (“MGH”) and Brigham and Women's Hospital (“BWH”). Partners is a national leader in biomedical and data science research, including the MGH & BWH Center for Clinical Data Science. The contract, based on a transaction licensing model, will see Pro Medicus’ Visage 7 technology implemented at Partners’ two flagship hospitals, MGH and BWH, eliminating their legacy PACS with scope to expand to other Partners network hospitals at a later date. Dr Sam Hupert, Pro Medicus CEO, described the deal as a ‘milestone’ for Pro Medicus. “Not only is it our biggest deal to date, there is the potential for further upside within the Partners network after this initial rollout is completed. In addition, MGH and BWH are two of the most prestigious medical institutions in North America renowned for their medical research, as well as their key roles as teaching hospitals