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PME, PRO MEDICUS LIMITED
flint
post Posted: Sep 5 2006, 01:09 PM
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In reply to: ozeb on Thursday 29/06/06 11:06am

And still it drops - any thoughts? thumbdown.gif

 
ozeb
post Posted: Jun 29 2006, 11:06 AM
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In reply to: ty.webb on Wednesday 24/05/06 08:57am

Anyone know why the share price is diving? Not looking good.

 
ty.webb
post Posted: May 24 2006, 09:27 AM
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In reply to: floyd on Tuesday 23/05/06 06:44pm

Sam Hupert always talks with the calm assurance of a CEO who knows he's got a rock-solid company with a good product that is experiencing increasing demand.

These guys are conservative by nature, so whichever expansion path they choose in the future, it will probably deliver the goods.

 
floyd
post Posted: May 23 2006, 06:44 PM
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Minnow makes waves in medical software rolleyes.gif
A Melbourne-based medical technology company is at the forefront of digital imaging at home and in North America, reports Derek Parker
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May 11, 2006
MEDICAL technology, especially in the crucial field of radiology, is evolving at a breakneck pace, but one of the most significant emerging players is not an American or European giant.
Rather, it is a small (market capitalisation of around $150 million, which is small by global standards) company called Pro Medicus, based in Melbourne and working in the area of providing software and internet services to the medical profession.

Its results have been solid: in the half year ending December 31, 2005, the company reported a net profit of $2.8 million, up 56 per cent on the previous corresponding period.

Its promedicus.net management system is now used by over 20,000 medical practitioners in Australia. The software package has become a key tool for the electronic delivery of clinical results and provides a platform for Pro Medicus's innovative work in digital radiology technology.

"The technology to produce X-ray images in electronic form has been around for a while," says Pro Medicus chief executive and co-founder Sam Hupert.

"But there wasn't a system that integrated all of the data components of a radiology practice and then extended this technology to distribute the images electronically to those who needed them," Dr Hupert says.

"The technology we developed is messaging middleware that ties existing systems together. When I was a practising doctor, I found it very frustrating that you couldn't get different types of equipment to talk to each other, so you could easily get stuck with pushing pieces of paper, or X-ray prints, around."

This is where the other founder of Pro Medicus, chief technology officer Anthony Hall, comes in. He was able to develop a suite of integration products that meshed with both imaging equipment and other medical technology. This meant that radiological images and related clinical data could be sent directly to medical practitioners over the internet, and viewed on a computer screen.

"As a doctor, I knew what sort of information you want in conjunction with an image, the history and co-factors," says Dr Hupert.

"With this system, you can call that data up on the screen. It can also be shared, in real time, with other doctors and specialists, if a second opinion is needed."

The images are also stored and can be accessed electronically - an important issue, since patients often misplace their radiological images and information. "There was a case a while ago that illustrates the value of this," Dr Hupert says. "A child had broken his arm, and the GP thought that there might be complications in setting the bone. So he passed the image on to a specialist, who looked at it and the attached information on his own screen, and gave his opinion. The whole process took a couple of minutes."

He says: "We realised at the very start that to be accepted by the medical profession, where there are valid concerns about privacy, the delivery system had to be completely secure. So we use a military-grade encryption system, with password protection at the practice level. But the system, which ties directly into the promedicus.net system, does not require any special training. So far, there have been no problems with security."

While Pro Medicus has been very successful in Australia, its move into North America required a different scale of operation. The company has entered into a licence arrangement with the European firm Agfa, a major player in the field of radiology around the world, to market its system in the US. The deal has given Pro Medicus an ongoing revenue stream, but Dr Hupert sees enormous potential in Canada as well, especially in the province of Alberta.

"For timing reasons, we decided to work with Agfa in a partnership arrangement for a large client in Canada, rather than a licensing deal," he says. "And it has worked well. The Alberta Government is planning to spend $200 million over three years to establish a digital technology system and repository, so there are huge opportunities for us. We already have 22 sites in place and are looking at further expansion. Even more, the national Government in Canada is seeing Alberta as a model for the country, so success there will open a lot of doors."

Pro Medicus has also announced that it had entered into a three-year deal with British-based Ascent Health, a subsidiary of Health Inventures, to exclusively use Pro Medicus digital integration software, to be initially installed in a site at Waterford in Ireland. The arrangement will generate around $450,000 in licensing revenue and $150,000 in ongoing service revenue for Pro Medicus, expected to begin in the first half of the 2007 financial year.

A second site in Oxford, Britain, has also been confirmed, but revenue is not expected to flow until 2008.

On the technology side, Dr Hupert is looking at further improvements in the system.

"I believe there is more value that can be added at the radiology equipment end," he says. "At the same time, there are enhancements that we are making in the practice management system. We have a start-to-finish model in place, but we have plans to take it further."




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ty.webb
post Posted: May 8 2006, 08:30 PM
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In reply to: floyd on Monday 08/05/06 11:18am

Subdued reaction to what looks like fairly good news.

If it were any other stock, I'd be hesitant about buying it just now.

I won't be buying more PME just now anyhow, as I haven't got any money - but I hope its still around here in a month or two.

 
floyd
post Posted: May 8 2006, 11:18 AM
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ann out

UK & Ireleand deal signals further overseas growth

more contracts signed.... rolleyes.gif



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floyd
post Posted: Apr 26 2006, 10:12 AM
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article in the age today biggrin.gif

Pro Medicus bathes in X-rays of sunshine in US push

http://www.theage.com.au/news/business/pro...5861347996.html



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ty.webb
post Posted: Apr 24 2006, 03:20 PM
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In reply to: mboulto1 on Thursday 23/03/06 02:23pm

I reckon we have to see about another 250k - 500k traded beneath $1.60 before the stags are cleared.

Can't see $1.40 being breached again, as I reckon the fidgetty stags are already out.



 
mboulto1
post Posted: Mar 23 2006, 02:23 PM
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PME just landed in the bargain bin - I hold now. Ripper Beauty Mate!

 
floyd
post Posted: Feb 27 2006, 12:41 PM
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good half year report, profit up 56 percent and a 2.5c interim dividend hypocrite.gif



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