TORONTO, Feb. 10, 2022 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased to announce the recent sale of subsidiary Intouch with Health’s (“Intouch”) digital health platform to South Tees NHS Foundation Trust (the “Trust” or “South Tees”).
This sale is a large three-year contract comprising a combination of capital and recurring licensing fees, and further demonstrates customer confidence in the Company’s solutions, having been made swiftly after the implementation of a proof-of-concept agreement.
The Trust serves a patient population of 1.5 million, spanning across Tees Valley and North Yorkshire. Employing approximately 9,300 staff, South Tees is one of the largest employers in the Tees Valley region. South Tees’ expertise comes in the domain of heart disease, cancer, trauma, neurosciences, renal (kidney) services and spinal injuries. Additionally, the Trust is a major trauma center with two hospitals in Middlesbrough and Northallerton.
This sale postdates a twelve-month proof of concept agreement between the Company and the Trust, initiated only four months ago. Within the short proof of concept period, the Trust was thoroughly impressed with Intouch’s solutions, noting its ability to meet performance objectives of increased clinical efficiency, financial performance, and patient experience.
Specifically, the Flow Manager, eOutcomes, and Resource Manager solutions were identified as immensely powerful tools that help optimize operational outcomes. The result is a quick turnaround, in an accelerated procurement and sale process. Accordingly, the Trust will benefit from Intouch’s Platform’s ability to help reduce Elective Care backlog, improving operational visibility and efficiency. The sale will be operational in all Trusts across the ICS once the project is completed, in the next 6-8 months.
The Trust is purchasing a host of software and hardware solutions from the Company. The software will include the Flow Manager, Check-In, Calling, Room & Resource Manager, Activity Manager, eOutcomes, Mobile Appointment Manager, Wait Times, and HL7 Integration to PAS systems. The hardware will include 23 Kiosks and 35 calling screens. The corresponding benefits to the Trust will include greater financial performance and patient experience. By improving their room utilization, record keeping, and pre-planning of activities such as x-rays and blood tests, patient flow will increase while patient queues decrease.
“We are delighted to expand and grow our relationship with South Tees, through the addition of this substantial contract,” said Dan Matlow, CEO of VitalHub Corp. “With South Tees as an existing VitalHub customer, this sale serves as another example of the effectiveness of our synergistic M&A, demonstrating the success of our cross-selling strategy. We continue to see considerable room for organic growth across the market continuing to add to our baseline of recurring revenue.”
ABOUT SOUTH TEES NHS TRUST
South Tees NHS Trust serves a patient population of 1.5 million, spanning across Tees Valley and North Yorkshire. Employing approximately 9,300 staff, South Tees is one of the largest employers in the Tees Valley region. The Trust has over 500 dedicated volunteers who provide organizational support. South Tees specializes in treatments of heart disease, cancer, trauma, neurosciences, renal (kidney) services and spinal injuries. Additionally, the Trust is a major trauma center with two hospitals – James Cook University Hospital in Middlesbrough and the Friarage Hospital in Northallerton. South Tees NHS Trust also runs community services from Hambleton, Richmondshire, Middlesbrough and Redcar and Cleveland. The Trust prides itself of delivering safe and high quality outcomes in all its initiatives.
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 Matlow
Chief Executive Officer, Director
(416) 727-9061
dan.matlow@vitalhub.com
