Our team of analysts provide weekly insights & analysis into undervalued ASX shares to help you build a market beating portfolio. Based in Salt Lake City, Intermountain Healthcare is the largest health care provider in the Intermountain West region, which includes Utah, Nevada and Idaho. Pro Medicus Limited [ASX: PME] is a health imaging IT provider. Investors have been buying the company’s shares this morning after it announced another major new contract win.. The currencies of the countries in which the Company has its activities have been volatile during the half-year. 17 February 2021; Company Announcement – Half Year Results 2020-21 Final – Acrobat pdf 131k. Pro Medicus (PME) is returning over 50 per cent of its earnings to shareholders after a healthy boost to revenue and profit over the last half-year. Management Team. Philip Mallinckrodt Appointed as a non-executive director in July 2017. Governance. Visage Ease, and Visage Ease Pro for mobile diagnostic use, provide easy access to radiology images and reports. Please fill the required details to access the content Leading health imaging company Pro Medicus Limited [ASX: PME] today announced a half- year net profit after tax of $13.54m for the six months to the end of December 2020, 12.4% higher than for the previous corresponding period. ProCare Charitable Foundation. We have also commenced work on the rollouts for Northwestern, NYU and MedStar with go lives scheduled for the second half. Pro Medicus is up 13.1 per cent with shares trading at $35.94; Pro Medicus' (PME) U.S. subsidiary, Visage Imaging., has signed a seven-year contract with Intermountain Healthcare. Insights. Research Tools. 4 0 obj Pro Medicus CEO Dr Sam Hupert said the company performed well in the first half-year despite the restrictions of COVID. In February 2018 Pro Medicus announced that the board had encouraged the founders to consider selling up to 3 million shares each in order to improve the liquidity in the company’s shares. Registration required. Only a very small fraction of the revenue from these and the LMU contract have been realised so far, so it is all ahead of us as are two of our largest deals to date in Intermountain and the 5 campus Californian academic health system we signed yesterday. Underlying profit before tax $18.76m – up 25.9%. Founded in 1983, the company provides a full range of radiology IT software and services to hospitals, imaging centers and health care groups worldwide. ... we've seen a bit of insider buying at Pro Medicus. endobj Pro Medicus announced a final fully-franked interim dividend of 7c per share. Simple, fast mobile access. Company Information. This will result in an incremental step up in exam volumes as these sites come online during the next few months followed by a major setup in FY2022, which will arguably be the biggest in our company’s history.”, Dr Hupert said, “We were able to accelerate our sales efforts and optimise our service delivery to work around the restrictions. Pro Medicus Limited (ASX:PME) - Changes in Directors' Interest - Intelligent Investor. xœÍ\msÛ6þîÿ~”zM¼äM§3‰Ó¤¹&wiíkï&½ŒDǞ±DW”’úßßî (‘m Ì$3±Dä.‹gŸ]€:{¾\Ý\ÓUôý÷gÏW«bz]΢g—ÕÝÿÎ.ïïʳ÷ŧ›E±º©gë+?D/^žGžž$q‚ÿ²L³(‰T®bÁ£L²8çѲ<=ùý»hqzòâòôä싏.¯NO°i±ˆsé,ó4ºœC£×:úTÃs£Ot”٣ק'FÑøÑå?NO~„Çýrzr¬x¡e¬ò¶x’:Œ0%²8-ÚF?¾;Î. Pro Medicus Limited Interim Results. (Non-Executive Director – appointed 01 August 2018) Ms Go is currently a Non-Executive Director of 7-Eleven, Energy Australia and Autosports Group and she is currently Chair of the Super Netball Commission and Ovarian Cancer Australia. Australian healthcare giant Pro Medicus (PME) has just had its first artificial intelligence (AI) algorithm approved for use in the U.S. Executive committee member and mentor of Endeavor Global, board member and co-founder of Endeavor Italy. ProCare AGM 2020. Insiders at Pro Medicus Have Bought Stock Recently. The Pro Medicus Limited share price has been a strong performer on Thursday.. endobj During the six months, Pro Medicus announced four key contract wins: Since December 31, Pro Medicus announced: The company’s Australian business increased revenue by 22.8% compared to the same period last year, largely due to the continued rollout of the Healius (formerly Primary Health) contract and the extension of a contract with I-MED. We like it when there are only buyers, and no sellers. Pro Medicus is an independent ambulance service providing patient transport services and ambulance work for events, on both a regular and occasional basis. These have been across a broad range of opportunities in both the academic and non-academic-IDN space, five in North America and one in Europe. The link below allows attendees to register, dial in and ask questions during the Q&A session. Speedcast International Limited ; Media Contact: Maegen Sykes 0439 167 567. ** Pro Medicus will host a webcast conference call on Wednesday, 17 February at 11am (AEDT) to discuss the results. Pro Medicus is a leading imaging IT provider. Today, the company is down 2.08 per cent, trading at $41.92. Contact Wipro. Mr Lyle has informed the Board that, as he is soon to assume a Chair role in the education sector and a ScoutCam – Corporate Presentation. |. The AICD is the independent and trusted voice of governance, building the capability of a community of leaders for the benefit of society. Pro Medicus Limited [ASX: PME] is a leading imaging IT provider. “Examination numbers in the first three months of the quarter were still recovering from their April 2020 lows; however, we were able to make up for the decrease with new clients coming on stream and exam numbers tracking back to pre COVID levels.”, “We completed the rollout to Ohio State in mid-August 2020 and LMU Klinikum in December 2020, both of which will contribute a full six months of revenue in the second half. Executive Director, Technology Director: 1 Jan 1983: Mr Peter Terence Kempen: Non-Executive Chairman, Non-Executive Director: 12 Mar 2008: Ms Deena Robyn Shiff: Non-Executive Director: 1 Aug 2020: Mr Anthony James Glenning: Non-Executive Director: 1 May 2016: Dr Leigh Bernard Farrell: Non-Executive Director: 8 Sep 2017 Notably, Sam and Anthony will remain the two largest shareholders in the company, with over 27 million shares each. She is also a Director of the PwC Diversity Advisory Board and a Member of the UNSW Business Advisory Council. About. ProCare Executive Leadership Team. On a constant currency basis, the revenue would have been $32.93m (up 12.4%) and the underlying profit before tax would have been $19.66m (up 29.0%) for the half-year ended 31 December 2020. <> Net profit $13.54m – up 12.4%. ProCare Network Limited Board. European operations also had a positive half with a new contract announced with Ludwig-Maximilians University (A$10.0m, 7-year deal) in Munich, Germany which will contribute to revenue in the second half of the financial year. %µµµµ Note: Slides and audio replay. All Board roles are Pro-Bono roles. 17 February 2021; Company Announcement – Half Year Results 2020-21 Final – Acrobat pdf 131k. “It was a good six months across all jurisdictions,” he said. Why is the Pro Medicus share price racing higher? 2. Your online stock adviser. Pro Medicus Limited provides radiology information systems (RIS), picture archiving and communication systems (PACS), and advanced visualization solutions in Australia, Europe, and North America. No registration required. VISAGE EASE. The company did not receive any Jobkeeper benefits during the period. Founded in 1983, the company provides a range of software and services to hospitals, imaging centres, and health care groups in Australia, North America and Europe. <> Pro Medicus at its Board meeting of 23 September 2020 approved and immediately Incorporation Details. Revenue from ordinary activities increased by 7.8% to $31.59m. If you are interested in serving on the St Columba’s College Ltd Board as a Board Director or sub-committee member, I invite you to write to the Board Chair, Ms Deirdre O’Donnell, C/- St Columba’s College (principal@columba.vic.edu.au), include your CV, two referee contacts, and any additional documentation you may wish to supply. Welcome to Intelligent Investor. Pro Medicus – PME Half Year Results Briefing | Chorus Call. Pro Medicus Ltd. Incorporated in VIC on 07/09/1983. Leading e-health company Pro Medicus Limited [ASX: PME] today announced the appointment of Dr Leigh Farrell as a Non- Executive Director, effective 8 September 2017. The sale represents less than four per cent of their individual holdings. Pro Medicus is down 2.81 per cent to $45.70 per share Health imaging company Pro Medicus (PME) has secured a seven-year contract with a health system comprised of five U.S. universities. Cash reserves of $50.93m – up $7.53m. %PDF-1.7 1 0 obj Experienced Board: PME's board of directors are considered experienced (7.7 … Our pipeline is healthy and we are benefiting from the network effect generated by our growing customer base.”, “We have won six out of six of the major contracts in our market. Two have been for more than one of our products and three will be deployed in the public-cloud. At Pro Medicus, our aim is to deliver success for our customers’ practices. Note: Click the play button below to start the replay of the audio recording. Tax expense for the six months was $4.66m, representing a tax rate of 25.6% compared to a tax expense of $2.76m in 2019 which translated to a tax rate of 18.6%, the 2019 tax rate being the result of a larger than normal delta between the share price at the date of granting and the date the shares vested. Minutes of Board Meetings. However, in this case the amount invested recently is quite small. This confirms our view that our solution, more so than any other, is ideally suited to a large percentage of the total addressable market.”. Board of Directors. He serves as a Council member of St Hilda’s College, University of Melbourne, a Director and Trustee of the Barr Family Foundation (a philanthropic trust) and Chairman of the Investment Committee of Ivanhoe Grammar School. Corporate Governance. Signed through its wholly owned U.S. subsidiary Visage Imaging, the $31 million deal includes partnerships with UC Los Angeles, UC San Francisco, UC San Diego, UC Davis and UC Irvine. 2 0 obj The healthcare IT specialist revealed a 7.8 per cent increase in half-yearly revenue for the six months to the end of … The company’s cash reserves at 31 December 2020 were $50.93m, up $7.53m. He is Chairman of APN Funds Management Limited (since November 2009) and MetLife Insurance Limited (since April 2011). The company remains debt-free. Peter is Chairman of Pro Medicus Ltd (a medical IT company), a Director of Yara Pilbara Holdings and its subsidiaries and associated companies. Pro Medicus Limited 450 Swan Street Richmond Victoria 3121 Australia T +61 3 9429 8800 F +61 3 9429 9455 promedicus.com Pro Medicus Limited ABN 25 006 194 752 21 August 2015 APPENDIX 4G AND CORPORATE GOVERNANCE STATEMENT Please find attached a copy of the Pro Medicus (ASX: PME) Corporate Governance Revenue $31.59m – up 7.8%. Deena is also the Chairman of the Supervisory Board of Marley Spoon AG which is listed on the ASX (ASX:MMM) and is a Non-Executive Director on the board of Appen (ASX:APX). Non-Executive Director Deena Shiff bought AU$50k worth of shares in that time. https://services.choruscall.com.au/webcast/promedicus-210217.html, Pro Medicus – PME Half Year Results Briefing | Chorus Call Replay. Underlying profit before tax rose 25.9%. Pro Medicus is based in Hertfordshire. Our vision. Continued growth in margins. Law (Hons) Deena joined Pro Medicus Limited as a Director on 1 August 2020.