VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce a multi-year licensing agreement of wholly-owned
subsidiary Transforming Systems’ proprietary SHREWD Resilience and
COVID-19 modules with Staffordshire and Stoke-on-Trent Integrated
Care Systems (the “ICS” or Staffordshire and Stoke-on-Trent”).
The ICS has agreed to a multi-year licensing
agreement, which will span over three-years, and be one of
Transforming Systems’ largest sales to date. The finalization of
this agreement is a testament to the Company’s increasingly large
footprint in the UK healthcare system.
Transforming Systems will be deploying the SHREWD
Resilience and SHREWD COVID-19 modules across the ICS network. The
ICS’s mandate is to elevate their healthcare delivery by closely
managing their resources, performance, and delivery. By providing a
real-time picture of the entire health system in one place and
reducing the administrative burden of current manual processes
across the health network, SHREWD systems will play an instrumental
role in supporting their endeavours. SHREWD’s real-time
decision-making tools will empower the ICS in their pursuit of
improving the efficiency of care delivery by enabling operational
visibility across the system.
“We are delighted to expand our offerings across
the Stafford and Stoke-on-Trent region, serving more than 1.1
million patients,” said Dan Matlow, CEO of VitalHub Corp. “As one
of our single largest licensing transactions to-date, this sale
serves as a further demonstration of the market pull for our
products and services, and the considerable need we continue to
address across the NHS. Our SHREWD platform continues to address
emergent needs across the healthcare system, specifically several
of the challenges resulting from the pandemic. By providing
healthcare organizations and operators with real-time visibility,
across entire regions, we can help improve load capacity and
balancing, ensuring overrun systems can continue to operate and
serve patients in need.”
The ICS spans six clinical commission groups
(“CCGs”) in the Stafford and Stoke-On-Trent area. In addition to
other key urgent care providers, the CCGs that are part of the ICS
include the University Hospitals of North Midlands, the North
Staffordshire Combined Healthcare NHS Trust, the Midlands
Partnership NHS Foundation Trust, and the West Midlands Ambulance
Service University NHS Foundation Trust. The ICS network employs
over ten thousand individuals, serving a patient population more
than 1.1 million people.
ABOUT STAFFORD AND
STOKE-ON-TRENT ICS
Stafford and Stoke-on-Trent ICS are a partnership
of NHS and local government organisations, alongside independent
and voluntary sector groups, that is working together to transform
local health and care services. Through several programs, they
are developing new models of care. Their initiatives are aimed at
increasing the health and well-being of their community, tackling
the regional inequalities in healthcare, and increasing the overall
quality of care. To accomplish these goals, the ICS emphasizes the
importance of embodying certain values, which include trust,
courage, honesty, respect, kindness, and optimism.
ABOUT VITALHUB
Software for Health and Human Services providers
designed to simplify the user experience & 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 Coordination,
Patient Flow & Operational Visibility, and DOCit Mobile
Apps.
The Company has a robust two-pronged growth
strategy, targeting organic growth opportunities within its product
suite, and pursuing an aggressive M&A plan. Currently,
VitalHub serves 275+ clients across Canada, USA, UK,
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”.
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 MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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