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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-03 C$ 3.055
Recent Sedar Documents

Vitalhub signs licensing deal with Hampshire Hospitals

2022-03-03 11:48 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES EXPANSION LICENSING CONTRACT WITH EXISTING CUSTOMER HAMPSHIRE HOSPITALS NHS FOUNDATION TRUST

Vitalhub Corp. has entered an expansion licensing deal of subsidiary Intouch with Health's hardware and software solutions with Hampshire Hospitals NHS Foundation Trust.

Hampshire Hospitals NHS Foundation Trust has been a partner of the company since 2013. The trust serves the Hampshire and West Berkshire population, comprising approximately 600,000 individuals. The trust provides outpatient and assessment services from Alton, Bordon and Romsey community hospitals, conducting nearly 900,000 outpatient appointments annually. Hampshire Hospitals NHS Foundation Trust employs around 8,600 staff, and provides services from Andover War Memorial Hospital, Basingstoke and North Hampshire Hospital, and the Royal Hampshire County Hospital.

The trust currently employs the Check-in, Flow Manager and Calling solutions at two of its hospitals. Having benefited from the functionality of these systems, the trust has contracted to upgrade and expand its product portfolio and use of Vitalhub products. Hampshire Hospitals NHS Foundation Trust has purchased a trust-wide licence to upgrade and expand use of its existing modules, while adding the Room and Resource solution, the HL7 Integration system, and trust-wide implementation of the kiosk and calling screens. The expected benefits will be improved room utilization, efficiency in room and resource booking, communication and organization among staff, management co-ordination, and facilitate positive patient correspondence.

This is a licensing agreement comprising a suite of Intouch with Health patient flow and operational visibility solutions across the trust.

"We are delighted to see the ongoing demand and support for our products from new and old clients alike," said Dan Matlow, chief executive officer of Vitalhub. "Organic growth through expansion deals like Hampshire add meaningful value to our growth strategy, and demonstrate market validation and satisfaction with our offerings. We look forward to continuing to work with Hampshire Hospitals, empowering their digital transformation in optimizing resource allocations and efficiency."

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 over 275 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 Toronto Stock Exchange under the symbol VHI.

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