Pro Medicus (ASX:PME) shares jumped more than 5% today after the Australian medical imaging systems maker said it inked a roughly $2.1 million (A$3 million) deal with a large German hospital.
Richmond-based Pro Medicus said its European subsidiary, Visage Imaging, signed the 5-year deal with “1 of the largest government run hospitals in Germany” for its Visage 7 “deconstructed” picture archiving & communication system throughout diagnostic imaging facilities.
“This deal is further validation of the strength of our technology and our strategy of being a key component of the worldwide move towards deconstructed or ‘best-of-breed’ PACS. Our unique streaming technology allows instant access to image data for better patient care and increased efficiency. We are pleased to have this leading German hospital join our global customer base,” Visage Imaging general manager Malte Westerhoff said in prepared remarks.
“This has been a very strategic sale for us,” added Pro Medicus co-founder & CEO Dr. Sam Hupert. “Not only has it significantly bolstered our footprint in the German enterprise hospital space, traditionally a difficult market to penetrate, it has also shown that the modular or deconstructed approach to medical imaging is now starting to gain momentum in Europe. We believe this will be positive for us.”
PME shares closed up 5.3% at A$3.33 ($2.37) today on the Australian stock exchange.
($1 = A$1.4067)