Pro Medicus signs A$43M, 7-year Virtua Health contract
Pro Medicus Limited [ASX: PME] announced on 21 October 2026 that its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a 7-year, A$43M contract with Virtua Health (“Virtua”), based in South Jersey in the U.S. state of New Jersey.
The contract covers a unified enterprise imaging platform made up of Visage 7 Viewer, Visage 7 Workflow, Visage 7 Open Archive and Visage 7 Cardiology, to be implemented in the cloud.
The announcement describes the deal as a “transaction-based model with potential upside” and says it is based on a “transactional licensing model”. It does not quantify any upside, annual value or revenue recognition schedule.
For investors, the agreement adds another multi-year U.S. enterprise contract to the company’s disclosed contract base. The announcement does not say how it compares in size with earlier contracts.
The Beth Israel Lahey deal, a 7-year, A$90M full-stack cloud contract, shows the scale at which enterprise clients have committed, which is the benchmark readers may want when the announcement itself offers no size comparison.
Contract snapshot
- Contract value: A$43M
- Term: 7 years
- Customer: Virtua Health, South Jersey, New Jersey
- Contracting entity: Visage Imaging, Inc., a wholly-owned U.S. subsidiary of Pro Medicus
- Licensing model: Transactional licensing model, described as a “transaction-based model with potential upside”
- Deployment: Cloud-based implementation of Visage 7
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What Virtua gets and how the rollout will work
Scope of the Visage 7 deployment
Under the contract, the cloud-based Visage 7 Enterprise Imaging Platform will be implemented throughout Virtua, providing a single, unified enterprise imaging platform. Visage will complete migration from Virtua’s legacy PACS archives to Visage 7 Open Archive.
Visage 7 will also provide enterprise distribution of images integrated to Virtua’s electronic health record (EHR). The platform comprises four components:
- Visage 7 Viewer: the component for viewing medical images.
- Visage 7 Workflow: the component covering imaging workflow.
- Visage 7 Open Archive: the archive that will receive images migrated from Virtua’s legacy PACS archives.
- Visage 7 Cardiology: the cardiology imaging offering.
About Virtua Health
Virtua is an academic health system that provides what it describes as the complete spectrum of advanced, accessible and trusted health care services to the people of South Jersey. It has 15,000 colleagues and 3,000 affiliated doctors and clinicians, providing care across 5 hospitals.
Virtua is academically affiliated with Rowan University, Penn Medicine and the Children’s Hospital of Philadelphia. The contract places the Visage 7 platform across a health system of this size, with deployment planned throughout Virtua.
Timeline
Planning for the rollout is to commence immediately and will be based on Visage’s proven cloud-based implementation process. Go-live is targeted for late Q2/early Q3 in the 2027 calendar year.
The announcement does not disclose when revenue from the contract is expected to begin.
| Item | Detail |
|---|---|
| Contract value | A$43M |
| Term | 7 years |
| Customer | Virtua Health, South Jersey, New Jersey |
| Platform | Visage 7 Viewer, Workflow, Open Archive and Cardiology, implemented in the cloud |
| Go-live target | Late Q2/early Q3 of the 2027 calendar year |
Understanding enterprise imaging and the CloudPACS shift
PACS stands for picture archiving and communication systems. These are the systems hospitals use to store medical images and make them available for viewing and sharing.
In this contract, Virtua’s legacy PACS archives will be migrated to Visage 7 Open Archive, with images distributed across the enterprise and integrated to its EHR. The result is described as a single, unified enterprise imaging platform.
Dr Sam Hupert, Pro Medicus CEO, said the cardiology selection reflects a broader trend. He said it is “a trend we see continuing as more and more healthcare enterprises look to consolidate their disparate imaging systems.”
He also referred to the company’s “CloudPACS strategy” and a “full stack” solution. That solution comprises the three core Visage products (viewer, workflow and archive), with the added option of other “ologies”, such as cardiology.
Virtua’s decision to take the cardiology offering alongside the three core products is an example of that full stack approach in practice. For investors, it shows the option of additional “ologies” being taken up within a single contract.
The TidalHealth contract followed the same pattern, pairing the three core Visage products with cardiology imaging in a fully cloud-based deployment and adding to evidence that clients are consolidating radiology and cardiology on one platform.
Management commentary and pipeline outlook
Dr Sam Hupert, Chief Executive Officer, Pro Medicus
“They join an ever growing list of Visage 7 clients to opt for our fully cloud-based platform, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market.”
On the outlook, Dr Hupert said: “Our pipeline remains strong and spans all market segments. There is growing interest in our ‘full stack’ solution…”
The announcement contains no financial forecasts or guidance. The disclosed facts are the A$43M, 7-year contract value and term, the cloud deployment, the inclusion of Visage 7 Cardiology and a go-live target in the 2027 calendar year.
Management’s commentary points to continued enterprise client interest, cloud adoption and the option of cardiology alongside the core products. Revenue timing and any upside under the transactional licensing model are not quantified in the announcement.
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