06:24:20 EST Fri 03 Feb 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-16 C$ 3.10
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Vitalhub expands licensing deal with Liverpool trust

2022-03-16 11:28 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed an expansion licensing agreement for subsidiary Intouch with Health's flow solutions with Liverpool Heart and Chest Hospital NHS Foundation Trust. This contract expands upon the company's existing relationship with Poole Hospital and marks the eighth Intouch with Health contract announced this quarter.

Poole Hospital has been a customer of the company since 2019 and has recently expanded its operations, resulting in increased organizational and operational pressures. Having successfully used the company's products over the past three years, Poole looked to Intouch with Health for a solution to these pressures, culminating in this agreement. This expansion further widens the reach of Intouch's solutions to Bournemouth Hospital and Christchurch Hospital, spanning across the entirety of University Hospitals Dorset NHS Foundation Trust.

Liverpool Heart and Chest Hospital NHS Foundation Trust serves a catchment area of 2.8 million people, spanning Merseyside, Cheshire, North Wales and the Isle of Man. The trust sees more than 100,000 outpatients at its hospitals annually. Liverpool Heart and Chest Hospital NHS Foundation Trust provides specialist services in cardiothoracic surgery, cardiology and respiratory medicine, including adult cystic fibrosis and diagnostic imaging.

Liverpool Heart and Chest Hospital NHS Foundation Trust has licensed a suite of Intouch's patient flow solutions, including the check-in, calling, flow manager, mobile and HL7 channel software solutions. This licensing agreement comprises solely software products and has an expected deployment time of 12 weeks. By implementing these programs, the trust can expect to see improvements in patient experience and clinical efficiency.

"We are delighted to build upon our existing relationship with Poole Hospital, expanding across the Liverpool Heart and Chest Hospital NHS Trust," said Dan Matlow, chief executive officer of Vitalhub. "As the eighth Intouch sale announced this quarter, we continue to reinforce our market leadership and penetration across the U.K. health care landscape. With organic growth forming an important part of our overall expansion strategy, we are pleased by our team's continued progress and execution."

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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