Pro Medicus Signs 5-Year Visage RIS Deal with I-MED Radiology

1 May 2018; Company Announcement - Pro Medicus Signs 5-year Visage RIS Deal with I-MED Radiology - Acrobat pdf 259k Highlights I-MED to standardise on Visage RIS across all 200 practices I-MED’s Regional Imaging (RIL) and Queensland businesses to transition to Visage RIS over next 12 months New sites to add an additional $1.4 million in revenue per annum Contracts for existing Visage RIS sites to be extended for a further 5 years Potential for upside as I-MED continues to grow Once completed, will be one of the largest RIS installations globally Leading healthcare imaging company Pro Medicus Limited [ASX: PME] today announced it has signed a five-year agreement with I-MED Radiology Network (I-MED), that will see I-MED standardise on Visage RIS across all of its practices. I-MED, Australia's largest diagnostic imaging provider, performs over 4.6 million patient procedures annually across New South Wales, ACT, Victoria, Tasmania, Northern Territory and Queensland. As part of this agreement, I-MED will transition its Regional Imaging (RIL) and Queensland practices to Visage RIS over the next 12 months. This is expected to deliver an additional $1.4 million per annum revenue once these sites are fully implemented. In addition, I-MED will extend its existing Visage RIS contract for the Victorian, NSW and ACT operations for a further 5 years. Dr Sam Hupert, CEO of Pro Medicus said, “I-MED is the largest diagnostic imaging provider in Australia and with this deal we further cement our position as leaders in the Australian RIS market. Once completed, this will be one of the largest RIS installations in the world.” I-MED Chief Executive Steven Rubic said, “We were keen to consolidate our systems into a single, national platform that would provide us with significant cost synergies