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Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,400,258
Close 2022-09-02 C$ 2.60
Recent Sedar Documents

ORIGINAL: VitalHub Subsidiary S12 Solutions Reports a New Multi-Year Contract with West London NHS Trust

2022-09-06 10:48 ET - News Release

TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- VitalHub Corp. (the "Company" or "VitalHub") (TSX: VHI | OTCQX: VHIBF) is pleased to report that subsidiary, S12 Solutions ("S12"), has signed a multi-year licensing agreement with West London NHS Trust ("West London" or the "Trust"), resulting in all nine London Trusts having now commissioned S12 Solutions.

West London NHS Trust has signed a multi-year contract with S12 Solutions to help the Trust move towards its goal to digitally transform paper-based processes. The license features the S12 Solution platform, notably including the electronic statutory Mental Health Act ("MHA") forms. Local authorities also involved in the project include: Ealing Council, Hammersmith and Fulham Council, Hounslow Borough Council. With this contract, all nine London Mental Health Trusts have now commissioned the use of S12 Solutions.

West London NHS Trust provides mental and physical health services to the London boroughs of Ealing, Hammersmith and Fulham and Hounslow. West London provides care to over 800,000 people and additionally provides select services (including forensic and high-security services) on a national basis. The Trust employs nearly 4,000 staff, and operates across several sites, including Broadmoor Hospital in Crowthorne and St Bernard's Hospital in Hanwell.

S12 Solutions is a UK-based company, which helps mental health professionals efficiently complete Mental Health Act 1983 ("MHA") processes. S12 Solutions is a digital platform, which connects Approved Mental Health Professionals ("AMHPs") with approved section 12 ("s.12") doctors for MHA assessments in England. AMHPs are able to find available, nearby doctors, create s.12 doctor claims, and both AMHPs and doctors can create, complete and share electronic statutory MHA forms. Founded in 2017, S12's platform supports mental health crisis care pathway efficiency through timely access to the best available assessing team for service users, more assessment preparation time for AMHPs, and greater control over contact information and s.12 work for doctors.

"We are extremely pleased with this demonstration of progress achieved by the S12 team," said Dan Matlow, CEO of VitalHub Corp. "With this sale, we are now installed across all mental health Trusts in London and are installed in 80% of facilities across NHS England. S12 solutions has successfully positioned itself to become a standard of care by solving the significant market need caused by the inefficiencies of outdated paper-based processes associated with the Mental Health Act. We look forward to continued advancement of the S12 platform install base, as we continue to execute on our growth strategy."

ABOUT WEST LONDON

West London NHS Trust is an NHS trust which provides mental and physical health services to the London boroughs of Ealing, Hammersmith and Fulham and Hounslow. West London provides care to over 800,000 people and additionally provides some services on a national basis, including forensic and high-security services. The Trust employs nearly 4,000 staff, and operates across several sites, including Broadmoor Hospital in Crowthorne and St Bernard's Hospital in Hanwell.

ABOUT VITALHUB

Software for Health and Human Services providers designed to simplify the user experience and optimize outcomes. VitalHub develops mission-critical technology solutions for Health and Human Services providers in the Mental Health (Child, Youth & Adult), Long-Term Care, Home Health, Community & Social Services and Acute Care sectors.

VitalHub develops technologies in two primary categories: Patient Flow, Operational Visibility & Patient Journey Optimization solutions; and Electronic Health Record, Case Management, Care Coordination & 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 plan. Currently VitalHub serves more than 600 clients across Canada, USA, UK, 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 (TSX) under the symbol "VHI" and on the OTC Markets OTCQX Exchange under the symbol "VHIBF".

CAUTIONARY STATEMENT

This press release includes forward-looking statements regarding the Corporation and its business, which may include, but is not limited to, statements with respect to the appointment of a new directors. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of each entity and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the technology industry, failure to obtain regulatory or shareholder approvals, market conditions, economic factors, the equity markets generally and risks associated with growth and competition. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

CONTACT INFORMATION
Dan Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com


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