Vitalhub announces 5-year license agreement

0

TORONTO, Feb. 03 2022 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased to announce the recent sale of the subsidiary Intouch with Health (“Intouch”) platform to University Hospitals Sussex NHS Foundation Trust (the “Trust” or “UHSussex”).

The sale includes a five-year licensing agreement with the Trust, and will be used to support the Trust’s 3T (trauma, teaching and tertiary care) hospital redevelopment project on the Royal Sussex county site in Brighton, replacing all the front half buildings of the Royal Sussex County Hospital, replacing them with two new clinical buildings and a much-needed service and logistics yard.

The Trust comprises seven hospitals and is the conglomerate of Western Sussex Hospitals NHS Foundation Trust (“WSHT”) and Brighton and Sussex University Hospitals Trust (“BSUH”). The newly merged trust was created on April 1, 2021 and serves a population of approximately 910,000 people. The Trust operates as a district general hospital, specialist tertiary centre, teaching center and major trauma centre.

This sale is the result of a long-standing relationship between the Company and BSUH, which spans more than seven years. The Flow solution from Intouch with Health, a subsidiary of VitalHub, is being integrated into its hospital redevelopment project. When complete, Intouch’s solutions will provide BSUH with first-class accommodations for more than forty departments, which will help improve the patient experience and reduce the elective care treatment backlog. This initiative serves to strengthen the relationship between the Company and the Trust and to lay the groundwork for future collaborations.

Through this agreement, the Trust grants a license to use the Intouch Flow Management solution, including the following products and services: Intouch for Flow Manager, Check-In, Calling, Room & Resource Manager, Activity Manager, Mobile App, Virtual Clinic (Video ) Manager, wait times, HL7 integration with PAS and RIS solutions. Intouch’s solutions will serve to maximize organizational efficiency and provide critical operational visibility into patient flow, enabling load balancing between service supply and demand.

The COVID-19 pandemic has exacerbated the Trust’s existing elective care backlog. Room management and single dashboard solutions will especially help manage this backlog by providing a blended online and face-to-face model and better patient monitoring.

“We are delighted to see this great transaction complete, with University Hospitals Sussex using a significant percentage of the Intouch suite of offerings,” said Dan Matlow, CEO of VitalHub Corp. “This agreement further enhances our strong growth and profile in the UK market. , and ongoing validation of demand for our products and services. In this regard, the Intouch Flow Management solution will be integral to the success of the state-of-the-art development of 3Ts Hospital in Brighton.

TEACHING HOSPITALS SUSSEX NHS FOUNDATION TRUST

University Hospitals Sussex NHS Foundation Trust was established on April 1, 2021. The Trust was created by the merger of Brighton & Sussex University Hospitals NHS Trust, which operates hospitals in Brighton and Haywards Heath, and Western Sussex Hospitals NHS Foundation Trust, which operates hospitals in Shoreham -by-Sea, Worthing and Chichester. The Trust operates seven hospitals and prioritizes compassion, communication, teamwork, respect, professionalism and inclusion.

ABOUT VITALHUB

Software for health and social service providers designed to simplify user experience and optimize outcomes.

VitalHub provides the technology to health and social service providers including; Hospitals, regional health authorities, mental health, long-term care, home care, community and social services. VitalHub solutions span the categories of Electronic Health Record (EHR), Case Management, Care Coordination, Patient Flow and Operational Visibility, and DOCit ​​Mobile Apps.

The company has a strong two-pronged growth strategy, targeting organic growth opportunities within its product line and pursuing an aggressive mergers and acquisitions plan. Currently, VitalHub serves over 275 customers in Canada, USA, UK, Australia, Qatar and Latvia. VitalHub is based in Toronto, Canada, with an offshore development center in Sri Lanka. The Company is listed on the TSX Venture Exchange under the symbol “VHI”.

CAUTION

This press release contains forward-looking statements regarding the Company and its business, which may include, but are not limited to, statements regarding the appointment of new directors. Often, but not always, forward-looking statements can be identified by the use of words such as “anticipates”, “is planned”, “expects”, “anticipates”, “intends”, “intends “, “anticipates”, “believes”, “proposes” or variations (including negative variations) of these words and phrases, or states that certain actions, events or results “may”, “could”, “would”, “could” or “will” be taken, occur or be affected. These 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 on certain specific dates or may not occur at all and may differ materially due to known and unknown risk factors and uncertainties affecting the businesses, including risks relating to the technology industry, failure to obtain regulatory or shareholder approvals, market conditions, economic factors, stock markets generally, and risks associated with growth and competition. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actual actions, events or results 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 they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether whether as a result of new information, future events, or otherwise.

CONTACT INFORMATION

Dan Matlow
Chairman and Chief Executive Officer, Director
(416) 727-9061
[email protected]

Share.

Comments are closed.