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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,350,258
Close 2022-08-22 C$ 2.64
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Vitalhub licenses Synopsis software to Bolton NHS Trust

2022-08-22 10:18 ET - News Release

Mr. Dan Matlow reports


Vitalhub Corp. has signed a licensing agreement for subsidiary Intouch with Health's digital, at-home preop solutions, Synopsis Home and Synopsis iQ, to the Bolton NHS Foundation Trust.

This agreement is a new customer contract, further expanding the company's presence across the National Health Service, and will provide Bolton with access to Intouch's award-winning Synopsis Home and Synopsis iQ products. This sale responds to a need identified by Bolton NHS Foundation Trust to alleviate its elective care backlog, increasing operational efficiency and throughput. The trust needed a solution to enable departments to be more efficient to cope with the additional surgeries required to work toward clearing the elective backlog and chose the company's products to address these challenges.

The Bolton NHS Foundation Trust is one of the North West's busiest acute NHS foundation trusts, providing a range of health and well-being services to people across Bolton and other parts of Greater Manchester area and is classed as amongst the best in the region for several of its services. The Royal Bolton Hospital is a major hub in Greater Manchester for women's and children's services and is the second-busiest ambulance-receiving site in Greater Manchester.

With the integration of Synopsis Home and Synopsis iQ, the trust can expect to see better visibility into its elective backlog, streamlined preop assessments that will alleviate managerial pressures, a triaging platform that will limit unnecessary appointments and better tend to complex patients, open integration into existing systems, flexible workflow, comprehensive and accurate preop assessments, and decision-making support that highlights risk through the 250-plus algorithms programmed into Synopsis modules. In turn, the company expects the deployment of the Synopsis solutions to empower the trust to better manage its elective backlog pressures.

"We are excited to begin working with Bolton NHS Foundation Trust as we continue to grow our customer base," said Dan Matlow, chief executive officer of Vitalhub. "This deal further reinforces the market demand for our best-in-class patient flow solutions. We look forward to continuing to progress our growth strategy, supporting our customers in achieving the highest standards of care delivery."

About Vitalhub Corp.

Vitalhub develops mission-critical technology solutions for health and human services providers in the mental health (child, youth and adult), long-term care, home health, community and social services, and acute care sectors.

Vitalhub develops technologies in two primary categories: patient flow, operational visibility and patient journey optimization solutions; and electronic health record, case management, care co-ordination and optimization solutions. The company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing a strategic M&A (merger and acquisition) plan. Currently, Vitalhub serves more than 600 clients across Canada, the United States, the United Kingdom, Australia, New Zealand, 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 and on the OTC Markets' OTCQX exchange under the symbol VHIBF.

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