VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce a material licensing transaction comprising an
expansion of newly-acquired subsidiary Intouch With Health’s
(“Intouch”) digital health platform installation at King’s College
Hospital NHS Foundation Trust (the “Trust” or “King’s College”).
Notably, the expansion includes the licensing of Intouch’s latest
healthcare modules, enabling a transition to virtual clinical care.
The Trust has chosen Intouch as its digital outpatient partner
to assist during the COVID-19 crisis and beyond. A world-renowned
leader in healthcare, the Trust treats one million patients
annually, has over 12,000 staff, and is one of the largest and most
active teaching Trusts in London. It includes four main hospital
sites, a large number of smaller sites, over 40 global sites, and
will become a flagship site for Intouch moving forward.
The expansion marks a material contract for Intouch, its single
largest to-date, encompassing an expansion of its existing
implementation with the Trust. The purchase comprises various
hardware components, the complete Intouch patient flow suite of
products, and Intouch’s newly-introduced healthcare modules,
Virtual Clinic Manager and iReceptionist, which enable the complete
transition to virtual care.
The purchase comes in response to the Trust’s need to work with
a trusted partner in seeking to re-imagine care delivery as an
integrated care system, both across South East London and at a
Borough level, delivering rich, dynamic, high-quality outpatient
services in a socially distanced format. King’s College chose
Intouch with Health as their solutions provider and partner, having
successfully benefitted from the previous installation, resulting
in this significant expansion of services. The solution will assist
the Trust during the COVID-19 crisis and, importantly, builds the
foundations for King’s College as a leading care provider in the
post-pandemic age.
“This is the future of managed healthcare,” said Jonathon
Lofthouse, site chief executive at one of the Trust’s hospitals,
Princess Royal University Hospital. “[The Trust is] seeking to
re-imagine how care can be provided moving forward, building on the
vibrancy and talent we have within our individual organisations and
as an integrated care system across South East London and at
Borough level. In essence, over time, we want to create a
technological eco-system that allows us to provide the best
possible care not only at King’s, but across the entirety of the
South East of London.”
“This is the largest transaction Intouch has completed in its
21-year history,” said Dan Matlow, CEO of VitalHub Corp. “We are
particularly excited to see a global premiere client doubling down
on their utilization of our services, reinforcing the value and
benefits they have derived from our solutions. With this
transaction, we see continued opportunity for organic growth among
the considerable network of Trusts and beyond.”
This purchase fits into a 12-point strategy for improvement set
out by the Trust through which they have established their System
Health Improvement Plan, taking inspiration from the NHS Long Term
Plan. This strategy aims to help bring about health population
improvement. In supporting this initiative, the Trust sought to
identify best in class technology providers who could achieve these
ends. The Trust is taking a phased approach to the introduction of
Intouch with Health’s digital solutions through which full
integration is the end outcome, enabling high quality video
consultations across their suite of facilities.
The transition to a virtual clinic format will facilitate a
reduction in their requirement of patients to attend hospitals for
consultations, improving capacity and load balancing, patient
convenience, and the overall care delivery process. These
improvements will also extend to long term care patients who will
be proactively managed in their homes, affording improved levels of
communication while reducing pressures on clinicians and Trust
resources.
ABOUT KING’S COLLEGE HOSPITAL NHS FOUNDATION
TRUST
King’s College Hospital NHS Foundation Trust is one of the
largest and most active teaching Trusts in London. Overall, it
encompasses almost 1,683 inpatient beds, over 12,000 staff, and
treats one million patients annually.
The Trust is one of four major trauma centres, covering south
east London and Kent. King’s College Hospital is also a heart
attack centre and the regional hyper acute stroke centre. The
Hospital offers a range of services, including: a 24-hour emergency
department, medicine, surgery, paediatrics, maternity and
outpatient clinics. Specialist services are available to patients,
which provide nationally and internationally recognised work in
liver disease and transplantation, neurosciences, haemato-oncology
and fetal medicine.
The Trust works closely with King’s College London, Guy’s and St
Thomas’ and South London and Maudsley Foundation Trusts, and in
2006, became part of King’s Health Partners Academic Health
Sciences Centre, a pioneering collaboration between the Trust,
King’s College London, and Guy’s and St Thomas’, and South London
and Maudsley NHS Foundation Trusts.
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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