Mr. Dan Matlow reports
VITALHUB CORP. CLOSES $17.5 MILLION BOUGHT DEAL PUBLIC OFFERING
Vitalhub Corp. has closed its previously announced bought deal offering pursuant to a press release dated March 31, 2022. A total of 5,645,200 common shares of Vitalhub were sold at a price of $3.10 per common share for total gross proceeds of approximately $17.5-million. The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and Eight Capital and included Beacon Securities Ltd., Canaccord Genuity Corp. and Roth Canada Inc. The common shares were qualified for distribution by a short form prospectus in the provinces of Ontario, British Columbia and Alberta.
The net proceeds of the offering will be used for growth initiatives and mergers and acquisitions. The company's growth initiative is focused on the acquisition of third party enterprises in the health care industry which provide synergistic opportunities for the company.
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 M&A (merger and acquisition) plan. Currently, Vitalhub serves more than 400 clients across Canada, the United States, the United Kingdom, 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 under the symbol VHI.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.