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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-07 C$ 3.00
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Vitalhub signs licensing deal with West Suffolk trust

2022-03-07 11:58 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES LICENSING DEAL WITH WEST SUFFOLK NHS FOUNDATION TRUST

Vitalhub Corp. has signed a licensing deal for subsidiary Intouch with Health's suite of patient flow solutions with West Suffolk NHS Foundation Trust.

This agreement results from a short sales cycle, after the trust's initial introduction to Intouch with Health's solutions. The trust received a partner introduction to the company from a global consulting firm providing services to the West Suffolk with the intention of evaluating the suitability of Intouch's flow management system for the hospital it is are planning to open in four to five years. However, the product's positive impression convinced the trust to implement the solution immediately among its existing sites.

The West Suffolk NHS Foundation Trust serves the west Suffolk population, providing hospital and community health care services. The main catchment area for the trust extends to Thetford in the north, Sudbury in the south, Newmarket to the west and Stowmarket to the east. The population served by the trust is a predominantly rural geographic area, roughly 600 square miles, comprising approximately 280,000 individuals. The West Suffolk NHS Foundation Trust is also an associate teaching hospital of the University of Cambridge and employs over 3,000 staff.

The West Suffolk NHS Foundation Trust has requested an enterprise licence, giving the trust access to the entire suite of Intouch's flow management modules, with a managed service wrap. The trust can expect to see an improved patient experience in addition to greater efficiency; these benefits will be felt in the domain of patient flow and room utilization.

Specifically, this licensing agreement comprises use Intouch with Health's suite of patient flow solutions, including the flow manager, check-in, calling, mobile app, room and resource manager, activity manager, virtual clinics (video), wait times, i-reception, performance manager, wayfinding (100 routes), e-outcomes, and walk-in digital solutions. On top of these software solutions, the trust will receive 14 kiosks and 20 calling screens. The expected deployment time will be 12 months, in addition to the lead time for kiosk delivery. The company is excited to engage in this new relationship and continue expanding its network of partnership trusts across the United Kingdom health care space.

"This sale marks our fourth Intouch with Health transaction announced during the quarter, further ratifying the strong demand for patient journey solutions within the NHS and providing demonstration of the leadership role Vitalhub plays in this market," said Dan Matlow, chief executive officer of Vitalhub. "We look forward to working with West Suffolk to deliver a best-in-class patient flow management solution in their existing facilities and toward assisting the trust in planning and designing systems to support optimally efficient patient flows in their new hospital."

About Vitalhub Corp.

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 M&A (merger and acquisition) plan. Currently, Vitalhub serves more than 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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