PME +12.39%: the medical software company jumped to all-time highs today on the back of a nice contract win. The $140m 10-year deal with Baylor Scott & White Health BSWH) is the company’s first in Texas where BSWH is the largest not-for-profit healthcare provider with around 500 radiologists. The full-stack cloud-based offering of Pro Medicus’ Visage 7 will kick off in 1Q24 with the transactional model potentially providing upside from the headline figure. The company also said their US deal pipeline remains strong, leaving the door open for similar announcements to come, which is the driver of todays outsized move which added ~$800m in market cap!
MM is positive on PME, hard to argue with the trend!
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