Perimeter Medical signs deal with Intermountain Health

Executive Summary

• Perimeter Medical Imaging AI Inc. has entered into a systemwide agreement with Intermountain Health, the largest non-profit healthcare system in the Intermountain West, to deploy its S-Series OCT advanced imaging technology.
• The agreement allows for the deployment of the technology in operating rooms at Intermountain Health LDS Hospital in Salt Lake City and Intermountain Health American Fork Hospital in American Fork, Utah.
• This systemwide agreement builds on a previously announced development support agreement and enables any Intermountain Health hospital to acquire Perimeter's technology.

Key Details

• Parties Involved: Perimeter Medical Imaging AI Inc. (PINK) and Intermountain Health.
• Technology Deployed: Perimeter's S-Series OCT (optical coherence tomography) advanced imaging technology for tissue visualization.
• Deployment Locations: Intermountain Health LDS Hospital (Salt Lake City, Utah) and Intermountain Health American Fork Hospital (American Fork, Utah).
• Scope: The agreement enables any of Intermountain Health’s 34 hospitals and 400 clinics across Utah, Idaho, Nevada, Colorado, Montana, and Wyoming to acquire Perimeter's technology.
• Strategic Context: This agreement builds on a previously announced development support agreement between the two organizations, which established a framework to evaluate the value of Perimeter's OCT technology and collect data to support the development of the company's AI algorithms.
• CEO Commentary: CEO Adrian Mendes stated the collaboration opens the door for Perimeter to extend its technology into new states and support surgeons with advanced imaging tools to enhance decision-making and improve patient outcomes.

Notable Quotes

• "Perimeter's OCT technology is a valuable tool in my practice because it helps me visualize margins in real time. This supports more informed surgical decisions," said Dr. Jennifer Tittensor, a breast surgeon at American Fork Hospital.
• "Intermountain Health has a long track record of delivering high-quality care throughout the Intermountain West... This collaboration opens the door for Perimeter to extend our technology into states where it has not yet been deployed while supporting surgeons with advanced imaging tools that aim to enhance surgical decision making and improve outcomes for the patients they serve," said Perimeter chief executive officer Adrian Mendes.