Why the Pro Medicus (ASX:PME) share price is racing 7% higher today

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 7% to $34.00.

Why is the Pro Medicus share price racing higher?

Investors have been buying the company’s shares this morning after it announced another major new contract win.

According to the release, Pro Medicus has signed a seven-year contract with Salt Lake City based Intermountain Healthcare.

Intermountain is the largest health system in the State of Utah and also provides medical services in the states of Idaho and Nevada. This makes it the largest healthcare provider in the Intermountain West region.

The contract, which is based on a transactional licensing model and…