Australia's Pro Medicus rises to near 2-month high after US unit wins $30.2 million contract
Pro Medicus shares rose as much as 3.9% to A$186.980, their highest since August 28, after its US unit signed a seven-year A$43 million ($30.21 million) contract with Virtua Health.
1. Seven-year contract
Pro Medicus said its US unit signed a seven-year A$43 million ($30.21 million) contract with New Jersey-based Virtua Health for a unified enterprise imaging platform. The shares rose as much as 3.9% to A$186.980, their highest since August 28.
2. Year-to-date performance
The stock was among the top gainers on Australia's healthcare sub-index, which was flat. Pro Medicus shares were down 17% year to date, while the sub-index was up 1.7%.
