06:23:06 EST Fri 03 Feb 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,710,428
Close 2022-01-12 C$ 3.03
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Vitalhub subsidiary licenses Shrewd to Stafford ICS

2022-01-13 10:27 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a multiyear licensing agreement of wholly owned subsidiary Transforming Systems' proprietary Shrewd Resilience and COVID-19 modules with Staffordshire and Stoke-on-Trent Integrated Care Systems (ICS).

The ICS has agreed to a multiyear licensing agreement, which will span over three years and be one of Transforming Systems' largest sales to date. The finalization of this agreement is a testament to the company's increasingly large footprint in the United Kingdom health care system.

Transforming Systems will be deploying the Shrewd Resilience and Shrewd COVID-19 modules across the ICS network. The ICS's mandate is to elevate its health care delivery by closely managing their resources, performance and delivery. By providing a real-time picture of the entire health system in one place and reducing the administrative burden of current manual processes across the health network, Shrewd systems will play an instrumental role in supporting its endeavours. Shrewd's real-time decision-making tools will empower the ICS in its pursuit of improving the efficiency of care delivery by enabling operational visibility across the system.

"We are delighted to expand our offerings across the Stafford and Stoke-on-Trent region, serving more than 1.1 million patients," said Dan Matlow, chief executive officer of Vitalhub. "As one of our single largest licensing transactions to date, this sale serves as a further demonstration of the market pull for our products and services, and the considerable need we continue to address across the NHS. Our Shrewd platform continues to address emergent needs across the health care system, specifically several of the challenges resulting from the pandemic. By providing health care organizations and operators with real-time visibility, across entire regions, we can help improve load capacity and balancing, ensuring overrun systems can continue to operate and serve patients in need."

The ICS spans six clinical commission groups (CCGs) in the Stafford and Stoke-On-Trent area. In addition to other key urgent care providers, the CCGs that are part of the ICS include the University Hospitals of North Midlands, the North Staffordshire Combined Healthcare NHS Trust, the Midlands Partnership NHS Foundation Trust and the West Midlands Ambulance Service University NHS Foundation Trust. The ICS network employs over 10,000 individuals, serving a patient population more than 1.1 million people.

About Vitalhub Corp.

Software for health and human services providers designed to simplify the user experience and optimize outcomes.

Vitalhub provides technology to health and human services providers, including hospitals, regional health authorities, mental health, long-term care, home health, community and social services. Vitalhub solutions span the categories of electronic health record (EHR), case management, care co-ordination, patient flow and operational visibility, and DOCit mobile apps.

The company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive merger and acquisition plan. Currently, Vitalhub serves 275-plus clients across Canada, the United States, the United Kingdom, Australia, Qatar and Latvia. Vitalhub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The company is publicly traded on the TSX Venture Exchange under the symbol VHI.

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