VitalHub Signs Multi-Year Expansion Licensing Contract with Hampshire Hospitals NHS Foundation Trust
June 23 2021 - 6:30AM
VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased
to announce the closing of a multi-year licensing transaction of
recently acquired subsidiary Intouch with Health’s (“Intouch”)
Synopsis platform with Hampshire Hospitals NHS Foundation Trust
(the “Trust” or “Hampshire Hospitals”).
The deal constitutes a 3-year licensing contract for the
Company’s proprietary, award-winning Synopsis platform. Hampshire
Hospitals comprise the Royal Hampshire County Hospital
(Winchester), Basingstoke and North Hampshire
Hospital (Basingstoke), and Andover War Memorial
Hospital (Andover). Establishing a partnership with the Trust
will extend VitalHub’s growing reach into the Hampshire and West
Berkshire regions, serving a population of approximately 600,000
people. This contract will result in over 50,000 Synopsis iQ
pre-operative assessments being executed across Trust sites.
The deal marks an expansion of VitalHub services across the
Trust’s hospital sites, with Hampshire Hospitals previously using
Intouch’s Flow Manager system, a clinician dashboard that tracks
patient progress and activity, at the Basingstoke and North
Hampshire Hospital.
This partnership originated from Hampshire Hospitals need for
better surgical backlog and landscape organization. Synopsis is a
completely digital pre-operational assessment platform that
provides clarity, efficiency and value to health systems. By
removing paper trails and increasing data security through complete
digitalization, Synopsis delivers significant organizational
benefits to healthcare organizations. Consequently, the Synopsis
platform served as an ideal solution to address the Trust’s
pre-operative needs.
“This deal reinforces the consistent and ongoing increase in
Synopsis platform’s market exposure, and continues to deepen our
penetration of the UK market,” said Dan Matlow, CEO of VitalHub
Corp. “This market need for better organization in pre-operative
processes is not unique to Hampshire Hospitals. The medical
community collectively recognizes a need for systems to support
health systems with electronic records to improve efficiency,
economy and patient safety. We look forward to continuing to expand
our reach, both within the UK market, and on a global basis.”
ABOUT HAMPSHIRE HOSPITALS NHS
FOUNDATION TRUST
Hampshire Hospitals NHS Foundation Trust, established in 2012,
pride themselves on their commitment to providing patients,
visitors and staff with a high quality and safe environment. The
Trust has three hospital sites across Hampshire and parts of west
Berkshire. The Trust employs nearly 6,000 staff and treat
approximately 600,000 patients annually.
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”.
CONTACT INFORMATION
Dan MatlowChief Executive Officer, Director(416)
727-9061dan.matlow@vitalhub.com
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.
Vitalhub (TSXV:VHI)
Historical Stock Chart
From Dec 2024 to Jan 2025
Vitalhub (TSXV:VHI)
Historical Stock Chart
From Jan 2024 to Jan 2025