05:21:41 EST Fri 03 Feb 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-11 C$ 3.11
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Vitalhub signs licensing deal with Bedfordshire trust

2022-03-11 09:27 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a multiyear licensing deal for subsidiary Intouch with Health's software solutions with Bedfordshire Hospitals NHS Foundation Trust. This transaction comprises the seventh Intouch with Health deal announced this quarter.

Bedfordshire Hospitals NHS Foundation Trust is a new customer of the company, with the trust engaging with Intouch last year to look at improving efficiencies in assisting with the management of its elective care backlog. Bedfordshire Hospitals NHS Foundation Trust is a large general hospital across two sites -- Luton & Dunstable University Hospital and Bedford Hospital. The trust provides a comprehensive range of general medical and surgical services, including emergency department (ED) and maternity services.

The trust serves the Luton, Central Bedfordshire, Bedford boroughs, Hertfordshire and segments of the Buckinghamshire population. Last year, Bedfordshire Hospitals provided health care services for over 153,000 admitted patients and over 700,000 outpatients and emergency department attendees.

Bedfordshire Hospitals NHS Foundation Trust has completed a licensing agreement, providing access to a host of Intouch with Health's patient flow solutions. Specifically, this licensing agreement comprises the use of flow manager, e-outcomes, mobile appointment manager, virtual clinics manager, patient calling and HL7 software solutions. There will be no hardware in this licensing agreement, providing the trust with a deployment time scale of 12 weeks. The trust is excited to build its existing relationship with Luton & Dunstable University Hospital and to build a new relationship with the broader Bedfordshire Hospitals community. With the implementation of these products, the trust can expect to see improved patient experience, effective flow management, accurate and diligent clinical data collection, and an overall improvement in operational efficiencies.

"The ongoing market traction demonstrated through these new customer transactions provides ratification of the persistent market need for our solutions," said Dan Matlow, chief executive officer of Vitalhub. "As the seventh Intouch with Health transaction announced this quarter, we continue to execute on our growth strategy, providing health IT [information technology] leadership across the NHS and U.K. health care landscape."

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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