Pro Medicus Soars on Nearly $200 Million in New US Contracts

Highlights:

• Pro Medicus Limited (ASX: PME) surged over 10% intraday, hitting a record high of $316.47, before settling up 8.5% at $306.14 at the time of writing.
• The rally follows news of two US contracts worth nearly $200 million, boosting investor confidence in its global expansion.
• The deals are expected to contribute to earnings from FY25, reinforcing PME’s growth outlook in the US healthcare market.

Strong Surge on New Deal Announcements

Pro Medicus Limited (ASX: PME) witnessed a significant share price rally at the time of writing, jumping over 10% intraday and reaching a record high of $316.47, before easing to an 8.5% gain at $306.14 by 2pm AEST. The sharp rise follows the company’s announcement of two major contract wins in the United States, collectively valued at nearly $200 million.

Landmark US Deals Fuel Investor Optimism

The Australian health imaging software provider revealed that it had secured two long-term contracts in the US healthcare sector. These deals are set to generate substantial revenue over multiple years, reinforcing Pro Medicus’ foothold in the highly competitive North American market. Investors responded positively, with the stock reaching new highs as confidence grows in the company’s global growth trajectory.

Strategic Momentum in Global Expansion

These contracts are a continuation of Pro Medicus’ successful international expansion strategy. CEO Dr. Sam Hupert stated that the deals validate the scalability and reliability of the company’s advanced imaging platform, which continues to attract major hospital networks and health providers overseas.

The new agreements are expected to contribute to revenue from the second half of FY25, supporting future earnings growth and strengthening Pro Medicus’ brand recognition in the lucrative US healthcare market.

Outlook Remains Strong

Pro Medicus has consistently outperformed market expectations due to its high-margin, software-as-a-service (SaaS) business model and strong cash position. With these latest contract wins, analysts believe PME is well-positioned to maintain momentum and deliver sustained shareholder value.

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