VitalHub Announces Licensing of the TREAT Client Management System to The Province of Nova Scotia Department of Community Ser...
January 07 2019 - 6:30AM
VitalHub Corp. (the “Company”) (TSXV: VHI) is pleased to announce
that the Province of Nova Scotia (“NS”) has signed a five-year
agreement, with options to extend for a total of five additional
years, to license VitalHub’s TREAT client management software to
support the Department of Community Services (DCS) transformation
following the issuance of a Request For Proposal (RFP) for a
digitally enabled Collaborative Case Management Solution.
This agreement represents a significant and material event for
VitalHub. The five-year contract value includes a combination
of recurring license revenue and professional services delivered
over five years, which together are expected to equal approximately
$9 million (CAD) over the initial term.
The Department of Community Services is the largest direct
deliverer of human and social services in Nova Scotia. The primary
responsibility of DCS is to ensure the basic needs of individuals
and families are met by providing services and supports to persons
in need and by protecting children and adults at risk. These
services form a secure and predictable social safety net for Nova
Scotians and help contribute to better futures for children and
families, persons with disabilities, seniors, and communities. Upon
implementation of the TREAT Software, all DCS program areas,
including Employment Support and Income Assistance; Child, Youth
& Family Supports; and Disability Support Program, will be
using the software.
NS DCS has been undergoing significant transformation in the
last few years, including working toward developing and
recommending changes to programs, policies and service delivery.
The RFP was issued recognizing that there is a requirement for an
innovative software solution to improve the delivery of supports
and services for Nova Scotians. The Province’s RFP sought a
configurable Commercial Off the Shelf (COTS) system to simplify
administration and deliver services quicker to clients in an
integrated fashion.
VitalHub’s TREAT software was selected following an extensive
and thorough evaluation process. Once deployed across all programs,
the TREAT software will support DCS and affiliated service provider
employees and offer online access to DCS Services for the citizens
of the Province.
“Nova Scotia is focused on ensuring that the citizens who
require DCS services are supported as effectively and efficiently
as possible, and they’re addressing this through program-related
changes and by assuming a leadership role in developing innovative
technology solutions and infrastructure on a client-centric as
opposed to program-centric basis to support service improvements,”
said Dan Matlow, CEO of VitalHub. “We are hopeful that their
mandate and this project will set an example for other provinces to
follow.”
VitalHub is also pleased to announce that on December 27, 2018
it granted an aggregate of 200,000 stock options to certain of its
employees (the “Options”) as part of its reorganization and
integration plan, pursuant to the terms of the Corporation’s
incentive stock option plan. Each Option is exercisable for one
common share of the Corporation at an exercise price of $0.145 per
share, and are set to expire on December 27, 2023.
ABOUT VITALHUB:
VitalHub develops and supports mission-critical information
systems in the Social Service, Mental Health (Child, Youth and
Adult), Long Term Care, Community Health Service, Home Health and
Hospital sectors. VitalHub technologies include Blockchain, Mobile,
and Web-Based Assessment and Client Management and Electronic
Health Record solutions.
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 200+ clients
across North America. VitalHub is based in Toronto, Canada, with an
offshore innovation hub in Sri Lanka. The Company is publicly
traded on the TSX Venture Exchange under the symbol "VHI".
ABOUT NOVA SCOTIA DEPARTMENT OF COMMUNITY SERVICES
Vision: Social and Economic well being for all Nova Scotians
Mission: The Department of Community Services is committed to a
sustainable social service system that promotes the independence,
self-reliance, and security of the people we serve. This will be
achieved through excellence in service delivery, leadership and
collaboration with our partners.
CAUTIONARY STATEMENT
The TSX Venture Exchange has in no way passed upon the merits of
the transactions and has neither approved nor disapproved the
contents of this press release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this press release.
CONTACT INFORMATION
Dan MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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