Pro Medicus (ASX: PME) announced that it has executed a binding letter of intent with a European-based IT company to sell the group’s Amira software platform business for €12Million (approximately A$15 million).
The transaction, which is subject to due diligence and finalization of a formal purchase and sale agreement, is expected to be completed by July 31, 2012.
The sale of its Amira business will provide Pro Medicus sufficient additional resources to focus on the growth of its Radiology Practice Management and Visage Imaging 3D/digital imaging products in Australia and the key markets of Europe and North America.
Pro Medicus bought the Amira business as part of its acquisition of Visage Imaging from Mercury Computer Systems in February 2009. Visage Imaging is a provider of advanced 3D visualization technology.