VitalHub Announces Multi-Year Licensing Deal of Pre-Op Solutions, Synopsis Home and Synopsis iQ, to the Royal Orthopaedic Hospital NHS Trust
TORONTO, April 19, 2022 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI) is pleased to announce a multi-year licensing agreement of subsidiary Intouch With Health’s (“Intouch”) digital, at-home pre-op solutions, Synopsis Home and Synopsis iQ, to the Royal Orthopaedic Hospital NHS Foundation Trust (the “Trust” or “Royal Orthopaedic”).
The Royal Orthopaedic Hospital NHS Foundation Trust is a new customer of the Company, having signed a multi-year licensing agreement to access the Company’s award-winning Synopsis Home and Synopsis iQ products. This sale comes as the result of the Trust seeking out new solutions for managing elective care backlog, which has presented an ongoing operational challenge.
The Royal Orthopaedic Hospital NHS Trust in Birmingham is an internationally renowned centre for the treatment of bone and joint disorders and the care of children with orthopaedic problems, and one of the largest orthopaedic centres in Europe. The Trust offers planned specialist care for all orthopaedic subspecialties and a range of orthopaedic services, from routine arthroplasty to complex spinal and oncological work. The Royal Orthopaedic Hospital NHS Trust aims to provide world class clinical services and a clean, safe environment for its patients, visitors, and staff, in addition to leading-edge research, innovation, and education.
The Royal Orthopaedic Hospital NHS Trust has completed a licensing agreement for an unlimited number of pre-op assessments across their facility. With the integration of Synopsis Home and Synopsis iQ, the Trust can expect to see better visibility into their elective backlog, streamlined pre-op assessments which will alleviate managerial pressures, a triaging platform that will limit unnecessary appointments and better tend to complex patients, open integration into existing systems, flexible workflow, comprehensive and accurate pre-op assessments, and decision making support that highlights risk through the 250+ algorithms programmed into Synopsis modules. In turn, the Company expects the deployment of the Synopsis solutions to empower the Trust to better manage its elective backlog pressures.
“We are excited to engage in this new partnership with Royal Orthopaedic Hospital NHS Trust,” said Dan Matlow, CEO of VitalHub Corp. “This deal provides further evidence of the market traction of our award-winning Synopsis products, and the ongoing demand for our offerings. We look forward to continuing to support our customers as we advance our growth strategy.”
ABOUT THE ROYAL ORTHOPAEDIC HOSPITAL NHS TRUST
The Royal Orthopaedic Hospital NHS Trust in Birmingham is an internationally renowned centre for the treatment of bone and joint disorders and the care of children with orthopaedic problems, and one of the largest orthopaedic centres in Europe, employing over 1,000 staff. The Trust offers planned specialist care for all orthopaedic subspecialties and a range of orthopaedic services, from routine arthroplasty to complex spinal and oncological work. The Royal Orthopaedic Hospital NHS Trust aims to provide world class clinical services, a clean, safe environment for its patients, visitors, and staff, and leading-edge research, innovation, and education.
ABOUT VITALHUB
Software for Health and Human Services providers designed to simplify the user experience and 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 & Optimization, and Patient Flow & Operational Visibility 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 more than 400 clients across Canada, USA, UK, Australia, the Middle East, and Europe.
VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The VitalHub team comprises more than 200 team members globally. The Company is publicly traded on the Toronto Stock Exchange (TSX) 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
