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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-24 C$ 3.26
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Vitalhub signs licensing deal with Northamptonshire

2022-03-25 09:26 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES 4-YEAR LICENSING AGREEMENT WITH NORTHAMPTONSHIRE HOSPITALS GROUP

Vitalhub Corp. has signed a four-year licensing agreement for subsidiary Intouch with Health's patient flow solutions with Northamptonshire Hospitals Group, comprising Northampton General Hospital NHS Trust and Kettering General Hospital NHS Foundation Trust.

Intouch had been in discussions with Northampton for some time, culminating in a trust-wide agreement aimed at tackling its continuing elective care backlog, to improve use of hospital rooms and attain a comprehensive patient flow management solution. As a result of licensing Intouch's suite of patient flow solutions, the trust expects to achieve improvement in patient experience, enhanced trust efficiencies through effective flow management and maximization of room utilization.

As part of the four-year licensing agreement, the trust will gain access to Intouch's suite of patient flow solutions, including flow manager, check-in, patient calling, mobile appointment manager, room and resource manager, wayfinding, wait time manager, and e-outcomes.

Northamptonshire comprises two trusts: Northampton General Hospital NHS Trust and Kettering General Hospital NHS Foundation Trust, collectively providing services to a population of over 1.2 million patients. Northampton General Hospital NHS Trust is an acute NHS hospital trust that offers a full range of hospital services from the main hospital site close to the centre of Northampton. The trust provides general acute services and hyperacute stroke, vascular and renal services to people living throughout the whole of Northamptonshire. The trust is also an accredited cancer centre, providing services to a wider population of around 900,000 who live in Northamptonshire and parts of Buckinghamshire. Kettering General Hospital NHS Foundation Trust is a medium-sized acute hospital serving the population across North Northamptonshire and South Leicestershire. The trust provides general acute, maternity and pediatric services from its main hospital site in Kettering with satellite outpatient facilities in Corby, Irthlingborough (East Northants) and Wellingborough.

"We are delighted that the Northamptonshire Hospitals Group has chosen Intouch with Health as its flow management partner," said Dan Matlow, chief executive officer of Vitalhub. "This sale adds to the string of announced transactions completed by Intouch with Health this quarter, demonstrating the significant market demand for our patient flow and operational visibility solutions. As we increase our penetration across the U.K. health care marketplace, we remained focused on continuing our health IT leadership, helping our customers improve efficiencies while simultaneously improve access to and delivery of care."

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 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 TSX Venture Exchange under the symbol VHI.

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