22:34:56 EST Tue 27 Feb 2024
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-02-25 C$ 3.11
Market Cap C$ 114,882,069
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Vitalhub signs licensing deal with North Cumbria

2022-02-28 09:58 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has arranged a multiyear licensing agreement of subsidiary Intouch with Health's digital health platform by North Cumbria Integrated Care NHS Foundation Trust.

North Cumbria Integrated Care NHS Foundation Trust is a new customer, contracting with Vitalhub to digitalize its patient data collection processes and streamline its patient consultation services. The trust delivers over 70 services across 15 sites, serving a population of over 500,000 and employing 6,500 staff.

This sale comes as a result of the trust seeking to improve patient flow management across its clinical rooms as a multisite facility spanning across a large geographical region. Following patients' paper trails between sites created undue operational stresses, with certain sites being as much as 40 miles apart. The trust reported difficulty keeping track of the thousands of forms that are constantly in transit between sites, in some cases misplacing or losing forms in some cases.

The trust will be receiving Intouch's Flow Manager, eOutcomes, Room and Resource, and HL7 Channels solutions to address these challenges. These products are designed to increase room utilization and improve data recording outcomes. The trust will now be able to manage clinical data remotely, which will increase patient flow and data organization. In turn, these solutions are expected to address the clinical room management issues the trust is currently dealing with.

This partnership between the company and the trust is a multiyear, capital model licensing agreement, with an expected deployment time of four months. The company is excited to engage in this new relationship and continue to grow its imprint in the United Kingdom health care space.

"This sale provides further demonstration of Vitalhub's strong penetration across the National Health Services landscape in the United Kingdom, and beyond," said Dan Matlow, chief executive officer of Vitalhub. "With each new sale and customer relationship, we aim to continue to provide best in class health IT leadership, streamlining processes and improving operational efficiency across health systems."

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.

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