PMDS Secures New Contract in Western United States, Accelerates Path to Profitability

STOCKHOLM, SE / ACCESSWIRE / September 11, 2024 / PMD Device Solutions (FRA:8T0)(STO:PMDS) PMD Device Solutions AB (Ticker Symbol: PMDS), a leader in digital health, is pleased to announce the signing of a new sales contract with a leading cardiology clinic in the Western United States. This follows another recent contract in the Eastern US earlier this quarter. The new single-provider clinic, which treats over 1,300 Medicare patients, further strengthens PMDS’ growing footprint in the US healthcare market.

In Q2 2024, PMDS’ US operations contributed 19.8% to the Group’s Annual Recurring Revenue (ARR). With this new contract, the company expects its US operations to generate sufficient ARR from existing clinics to be profitable from year-end, marking a pivotal moment in PMDS’ financial strategy.