VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased
to announce a licensing agreement of subsidiary Intouch with
Health’s (“Intouch”) hardware and software solutions with North
Middlesex University Hospital NHS Trust (the “Trust” or “North
Middlesex).
This is the 6th
Intouch with Health transaction announced this
quarter, succeeding the following recently-announced
deals:
- VitalHub Announces 5-Year Licensing Agreement University
Hospitals Sussex NHS Foundation Trust
- VitalHub Announces Multi-Year Sale to South Tees NHS Foundation
Trust
- VitalHub Announces Multi-Year Licensing Deal with North Cumbria
Integrated Care NHS Foundation Trust
- VitalHub Announces Expansion Licensing Contract with Existing
Customer Hampshire Hospitals NHS Foundation Trust
- VitalHub Announces Licensing Deal with West Suffolk NHS
Foundation Trust
The Trust is a new customer of the Company, with
the transaction resulting from North Middlesex seeking a solution
for ongoing operational pressures, and the need to tackle their
growing Elective Care backlog. The Trust expressed keen interest in
the Company’s Patient Flow Management solutions, to enable
effective use of their facility’s rooms.
North Middlesex University Hospital NHS Trust is
one of London’s busiest healthcare providers. The Trust provides
hospital care and community services to the population living
across Enfield, Haringey, and other boroughs in the North London
area. Annually, the Trust provides treatment for over 650,000
patients.
The Trust can expect to see improved patient
experience, enhanced Trust efficiencies, maximized room
utilization, and improved staff utilization through the use of
Intouch’s products. This contract is a licensing transaction in
which the North Middlesex University Hospital NHS Trust will
receive the Company’s Flow Manager, Check-in, Calling and Wait Time
Manager, Mobile Appointment Manager, Room & Resource Manager,
iReception Module, Kiosk Access License (per kiosk), Calling Access
License (per calling screen), and cloud hosting software programs.
Additionally, the Trust will receive 7 iReceptionist Kiosks and 13
Calling Screens. The expected deployment time is twelve-weeks. The
Company is excited to engage in this new relationship, and to
continue growing its network of Intouch users across the UK
Healthcare space.
“As the 6th Intouch with Health transaction
announced this quarter, this marks the most deals we have announced
for Intouch in a comparable period, since acquiring the company,”
said Dan Matlow, CEO of VitalHub Corp. “We are pleased to see the
ongoing and growing market demand and penetration for our patient
flow solutions, as we continue to execute on our growth
strategy.”
ABOUT NORTH MIDDLESEX UNIVERSITY HOSPITAL
NHS TRUST
North Middlesex University Hospital NHS Hospital
Trust is one of London’s busiest healthcare providers, providing
hospital care and community services for the 350,000 people living
in Enfield, Haringey and beyond. The Trust’s specialist services
include HIV, cardiology, blood disorders, diabetes, fertility,
sickle cell and thalassaemia. In addition to a full range of cancer
diagnosis and treatment services, the Helen Rollason Cancer Support
Centre is based on-site and provides services to support cancer
patients’ wellbeing. Moreover, North Middlesex University Hospital
NHS Trust provides a dedicated community service for children and
young people, aged 0-19, in Enfield so that they can get the best
possible start in life. North Middlesex University Hospital NHS
Trust’s vision is to provide outstanding care to their
community.
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
Toronto Stock Exchange (TSX) 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 INFORMATIONDan MatlowChief
Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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