Key Developments Driving Focus on ASX:PME and ASX:TPD

Sep 26, 2023

Pro Medicus Limited (ASX: PME)

Pro Medicus Limited is a leading health imaging company known for its innovative healthcare technology solutions. The company's subsidiary, Visage Imaging, Inc., offers a cutting-edge cloud-based Visage 7 Enterprise Imaging Platform, which is designed to revolutionize diagnostic imaging in healthcare settings. PME has recently made significant strides in the North American healthcare IT market by securing substantial contracts with integrated delivery networks (IDNs) and academic medical centers, positioning itself as a key player in the industry.

Pro Medicus Limited Signs AUD $140 million Deal with Baylor Scott & White Health (BSWH)

  • Major Healthcare Contract: Pro Medicus Limited's subsidiary, Visage Imaging, Inc., has secured a 10-year, AUD $140 million contract with Baylor Scott & White Health (BSWH), a prominent healthcare system in Texas and the U.S.
  • Unified Imaging Platform: The contract will involve implementing Pro Medicus' cloud-based Visage 7 Enterprise Imaging Platform, which includes Visage 7 Open Archive and Visage 7 Workflow modules, replacing legacy systems and archives.
  • Cloud Implementation: The rollout, set to begin in Q1 2024, will follow Visage's cloud-based implementation process, enhancing diagnostic capabilities across BSWH.
  • Continued Expansion: Pro Medicus' expansion into North American integrated delivery networks (IDNs) and academic medical centers continues with this significant contract.

Talon Energy Limited (ASX: TPD)

Talon Energy Limited is an energy company that operates in the resources sector. Notably, TPD is involved in the development and production of domestic gas resources. The company, in partnership with Strike Energy Limited (ASX: STX), has achieved a significant milestone with the commissioning of the Walyering gas field in Western Australia. This achievement marks TPD's transition from an explorer to a producer and plays a pivotal role in addressing the domestic gas supply in the region.

Strike Energy Limited (ASX: STX) and Talon Energy Limited (ASX: TPD) Announce Walyering Gas Field Update

  • Gas Field Commissioning: The Walyering gas field, operated by Strike Energy and Talon Energy, has commenced exporting commissioning gas into the Parmelia Gas Pipeline for sale.
  • Production Ramp-Up: Over the coming week, production rates are expected to increase, with firm gas sales deliveries scheduled to begin in October.
  • Significant Milestone: This marks a pivotal moment for Strike Energy, transitioning from an explorer to a producer, aligning with their Perth Basin gas acceleration strategy.
  • Historical Achievement: This development represents the first greenfield domestic gas commissioning in Western Australia in a decade.

These developments highlight the growth and strategic advancements of ASX-listed companies PME and TPD in the healthcare and energy sectors, respectively.

 

 

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