Stock Track | Pro Medicus Soars 10.23% Intraday on New A$44 Million US Cloud Deals

Stock Track
Jun 02

PRO MEDICUS LTD (PME.AU) experienced a significant price surge of 10.23% during intraday trading on Tuesday, with the stock soaring following the announcement of major new contracts.

The sharp increase comes after the company secured two new US agreements worth a combined A$44 million. The deals include a seven-year, A$16 million cloud-based Visage 7 contract with TidalHealth and a five-year renewal and expansion with Allegheny Health Network across multiple hospitals and clinical sites.

These long-term contracts reinforce Pro Medicus's ability to win and retain major US health system clients, with the Allegheny Health Network renewal particularly notable for expanding the company's footprint across more clinical sites and incorporating cardiology modules and the "Full Stack" cloud bundle at the point of sale.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10