VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce the recent sale of subsidiary Intouch with Health’s
(“Intouch”) digital health platform to University Hospitals Sussex
NHS Foundation Trust (the “Trust” or “UHSussex”).
The sale comprises a five-year licensing agreement with the
Trust, and will serve to support the Trust’s Hospital 3Ts (Trauma,
Teaching and Tertiary care) Redevelopment Project at the Royal
Sussex County site in Brighton, replacing all buildings on the
front half of the Royal Sussex County Hospital, replacing them with
two brand new clinical buildings and a much-needed service and
logistics yard.
The Trust comprises seven hospitals and is the conglomerate of
Western Sussex Hospitals NHS Foundation Trust (“WSHT”) and Brighton
and Sussex University Hospitals Trust (“BSUH”). The newly merged
Trust was established on April 1, 2021, and serves a population of
approximately 910,000. The Trust operates as a district general
hospital, specialist tertiary centre, teaching hub, and major
trauma centre.
This sale results from a longstanding relationship between the
Company and BSUH, spanning over seven years. VitalHub subsidiary
Intouch with Health’s Flow solution is in the process of being
incorporated into their hospital redevelopment project. Upon
completion, Intouch’s solutions will be providing BSUH with
first-class accommodations for more than forty wards, which will
contribute to improving patients’ experiences and reducing the
backlog for elective care treatments. This initiative serves to
strengthen the relationship between the Company and the Trust, and
further lays the groundwork for subsequent collaborations.
Through this agreement, the Trust is licensing the use of the
Intouch Flow Management solution, including the following products
and services: Intouch for Flow Manager, Check-In, Calling, Room
& Resource Manager, Activity Manager, Mobile App, Virtual
Clinic (Video) Manager, Wait Times, HL7 integration to PAS and
RIS solutions. Intouch’s solutions will serve to maximize
organizational efficiencies and provide essential operational
visibility into patient flow, enabling load balancing across supply
and demand for services.
The COVID-19 pandemic has exacerbated the Trust’s existing
elective care backlog. The Room Management and single dashboard
solutions will especially help with this backlog by providing a
blended online and face-to-face model and greater patient
oversight.
“We are delighted to see this large transaction close, with
University Hospitals Sussex utilizing a significant percentage of
the Intouch suite of offerings,” said Dan Matlow, CEO of VitalHub
Corp. “This deal further reinforces our strong growth and profile
in the UK marketplace, and the continued validation of the demand
for our products and services. In this regard, the Intouch Flow
Management solution will be intrinsic to the success of the
state-of-the-art 3Ts Hospital development in Brighton.”
UNIVERSITY HOSPITALS SUSSEX NHS FOUNDATION
TRUST
University Hospitals Sussex NHS Foundation Trust was formed on
April 1, 2021. The Trust was created by a merger of Brighton &
Sussex University Hospitals NHS Trust, running hospitals in
Brighton and Haywards Heath, and Western Sussex Hospitals NHS
Foundation Trust, running hospitals in Shoreham-by-Sea, Worthing
and Chichester. The Trust runs seven hospitals and prioritizes
compassion, communication, teamwork, respect, professionalism, and
inclusion.
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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