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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-10 C$ 3.20
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Vitalhub signs licensing deal with North Middlesex

2022-03-10 12:17 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a licensing agreement for subsidiary Intouch with Health's hardware and software solutions with North Middlesex University Hospital NHS Trust.

This is the sixth Intouch with Health transaction announced this quarter, succeeding the following recently announced deals:

  • Vitalhub announces five-year licensing agreement University Hospitals Sussex NHS Foundation Trust;
  • Vitalhub announces multiyear sale to South Tees NHS Foundation Trust;
  • Vitalhub announces multiyear licensing deal with North Cumbria Integrated Care NHS Foundation Trust;
  • Vitalhub announces expansion licensing contract with existing customer Hampshire Hospitals NHS Foundation Trust;
  • Vitalhub announces licensing deal with West Suffolk NHS Foundation Trust.

The trust is a new customer of the company, with the transaction resulting from North Middlesex seeking a solution for continuing operational pressures and the need to tackle its growing elective care backlog. The trust expressed keen interest in the company's patient flow management solutions to enable effective use of its facility's rooms. North Middlesex University Hospital NHS Trust is one of London's busiest health care providers. The trust provides hospital care and community services to the population living across Enfield, Haringey and other boroughs in the North London area. Annually, the trust provides treatment for over 650,000 patients.

The trust can expect to see improved patient experience, enhanced trust efficiencies, maximized room utilization and improved staff utilization through the use of Intouch's products. This contract is a licensing transaction in which the North Middlesex University Hospital NHS Trust will receive the company's flow manager, check-in, calling and wait time manager, mobile appointment manager, room and resource manager, i-reception module, kiosk access licence (per kiosk), calling access licence (per calling screen), and cloud hosting software programs. Additionally, the trust will receive seven i-receptionist kiosks and 13 calling screens. The expected deployment time is 12 weeks. The company is excited to engage in this new relationship and to continue growing its network of Intouch users across the United Kingdom health care space.

"As the sixth Intouch with Health transaction announced this quarter, this marks the most deals we have announced for Intouch in a comparable period since acquiring the company," said Dan Matlow, chief executive officer of Vitalhub. "We are pleased to see the ongoing and growing market demand and penetration for our patient flow solutions as we continue to execute on our growth strategy."

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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