05:13:36 EST Fri 03 Feb 2023
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Vitalhub Corp (2)
Symbol VHI
Shares Issued 36,939,572
Close 2022-03-28 C$ 3.40
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Vitalhub brags about Intouch's market penetration

2022-03-28 12:29 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp.'s United-Kindom-based subsidiary Intouch with Health grew in market penetration.

Intouch with Health has made significant headway increasing their market penetration across the United Kingdom's National Health Service (NHS). As a result of the sales closed in Q1 2022 and strong growth over the 2021 period, Intouch has achieved substantial market penetration across the NHS. Based on the 2020/2021 NHS tables, there are a total of 140 Acute Trusts in England, and Intouch has at least one module sold into 73 Acute Trusts in England, or across approximately 52 per cent of total sites. This compares with an approximately 42 per cent install rate across NHS Acute Trusts in the prior year.

NHS outpatient appointments totalled approximately 97,712,855 during the period, with approximately 55,170,725 or approximately 56.5 per cent of total outpatient appointments being processed through the Intouch platform. NHS outpatient attendances totalled approximately 74,808,465 during the period, with approximately 41,851,500 or approximately 55.9 per cent of total outpatient attendances being processed through the Intouch platform. This compares with 41 per cent of all NHS outpatient attendances during the prior period.

"We are delighted to report strong growth in our penetration of the U.K. health care market," said Dan Matlow, chief executive officer of Vitalhub. "We now have active deployments across more than 50 per cent of Acute Trusts in the NHS, demonstrating the traction and execution of our growth strategy. Importantly, there is still significant opportunity for upsell, as we continue to sell in additional modules and offerings amongst our existing install base. We plan to continue to expand our footprint, both through the generation of net new sales and continued expansion agreements with our existing customers."

About Vitalhub Corp.

Software for health and human services providers designed to simplify the user experience and optimize outcomes.

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 applications.

The company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite and pursuing an aggressive mergers and acquisitions (M&A) plan. Currently, Vitalhub serves 275-plus clients across Canada, United States, U.K., 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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