Business
Here’s why the Pro Medicus (ASX:PME) share price is storming 5% higher
The Pro Medicus Limited (ASX: PME) share price has been a strong performer on Thursday.
In morning trade the leading health imaging company’s shares are up 5% to $32.75.
Why is the Pro Medicus share price racing higher?
Investors have been buying the company’s shares this morning following the release of an announcement.
According to the release, Pro Medicus has signed a five-year contract with MedStar Health worth a total of A$18 million.
MedStar Health is the largest health system in the Maryland and Washington, D.C. metropolitan region, comprising 10 hospitals.
The contract is based on a transactional licensing model and will see Pro Medicus’ complete enterprise imaging solution implemented across all of MedStar’s…
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