Australia's Pro Medicus hits 7-week high on $16 million US contract win

Pro Medicus

Mon 05:12

** Shares of Pro Medicus PME.AX rise as much as 2.6% to A$180.24, their highest level since August 31
** Stock is top mover on healthcare sub-index .AXHJ, which is down 0.1%
** Healthcare informatics co says its US unit has signed a A$24 million ($16.73 million) contract with Montana-based non-profit health system firm Billings Clinic - Logan Health
** Co says seven-year agreement will provide a unified imaging platform and includes migration of legacy imaging archives and integration with the system's electronic records
** Adds, planning for rollout will begin immediately, with the cloud-based imaging platform expected to go live in Q1 next year
** YTD, stock down nearly 20% vs 0.6% gain in sub-index
($1 = 1.4343 Australian dollars)

(Reporting by Subhalakshmi Dey in Bengaluru)
((Subhalakshmi.Dey@thomsonreuters.com;))