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Vitalhub Corp (2)
Symbol VHI
Shares Issued 37,189,916
Close 2022-04-08 C$ 3.00
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Vitalhub subsidiary to licence SHREWD to NHS England

2022-04-11 10:33 ET - News Release

Mr. Dan Matlow reports

VITALHUB ANNOUNCES A MULTI-YEAR REGIONAL LICENSING CONTRACT WITH NHS ENGLAND AND NHS IMPROVEMENT MIDLANDS

Vitalhub Corp.'s Transforming Systems has signed a multiyear regional licensing agreement for its SHREWD suite of products with NHS (National Health Service) England and NHS Improvement Midlands (NHSEI).

This transaction marks a new customer sale for the company, with Transforming Systems having been engaged with NHSEI since July, 2021. The customer, NHSEI, provides care for a population of 10.5 million people across a very diverse and large region, including areas like Birmingham ,which is the United Kingdom's second-largest city, and Lincolnshire, which is the second-largest English county in the country. The work of NHSEI involves supporting the 11 integrated care systems (ICS) and sustainability and transformation plans (STP), 42 trusts, and 39 clinical commissioning groups (CCG) that are in the region.

The customer's 11 ICS are included in the contract and span the following organizations:

  • Birmingham and Solihull;
  • Black Country and West Birmingham;
  • Coventry and Warwickshire;
  • Derbyshire;
  • Herefordshire and Worcestershire (currently live);
  • Leicester, Leicestershire and Rutland;
  • Lincolnshire;
  • Northamptonshire (currently live);
  • Nottinghamshire;
  • Shropshire, Telford and Wrekin;
  • Staffordshire and Stoke-on-Trent (in deployment stage).

The sale includes licensing access to Transforming Systems' SHREWD Platform, SHREWD Region, and SHREWD Vantage products. Use of these solutions by the customer is anticipated to deliver a host of operational benefits, improving organizational efficiency, co-ordination and delivery of care. Specific benefits include, (i) simplifying operational view of real-time regional pressures, (ii) standardizing reports across regions, (iii) reducing administration for reporting end users, (iv) promoting consistent and timely onward reporting, (v) providing data driven information for improved analysis, (vi) reducing interruption to operational activity by removing need to manually gather operational data, (vii) streamlining processes for the regional oversight body, (viii) enabling oversight of capacity and demand to inform conveyancing decisions in real time, (ix) improving patient safety and reduced patient risk, and (x) overall improvements to care for the population of the Midlands.

"This sale to NHS England and NHS Improvement Midlands marks one of the largest regions to have licensed the Transforming Systems solutions," said Dan Matlow, chief executive officer of Vitalhub. "We are delighted to support this region through providing access to our SHREWD suits of offerings. We view this sale as continued ratification of the market demand for our products, and the market leadership we have established and continue to maintain within the U.K. health care landscape, and beyond."

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 and optimization, and patient flow and operational visibility solutions.

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 more than 400 clients across Canada, United States, U.K., Australia, the Middle East and Europe.

Vitalhub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Vitalhub team comprises more than 200 team members globally. The company is publicly traded on the Toronto Stock Exchange (TSX) under the symbol VHI.

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