VitalHub Corp. Completes Acquisition of Transforming Systems Ltd.

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TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Firm” or “VitalHub”) (TSXV: VHI) is happy to announce, additional to its press launch of August 31, 2020, that it has accomplished the acquisition of all the issued and excellent shares (the “Acquisition”) of Reworking Programs Ltd. (“Reworking Programs”).

Complete consideration paid by VitalHub was £5,951,820 (the “Buy Worth”). The Buy Worth consists of a £1,900,000 (the “Share Element”) issuance of widespread shares of VitalHub (“Frequent Shares”) and a money fee (the “Money Element”) of £4,051,820, of which £300,000 is entered into for customary post-closing changes. Frequent shares of VitalHub issued pursuant to the Share Element have been issued at CAD $2.11 per widespread share, leading to a complete of 1,566,827 widespread shares issued.

Additional particulars of the Acquisition can be found within the Firm’s August 31, 2020 press launch.

With completion of the Acquisition and issuance of the Share Element, the Firm at present has 28,238,539 Frequent Shares issued and excellent.

ABOUT TRANSFORMING SYSTEMS HEALTH INFORMATICS INC.

Reworking Programs was based in 2009 to assist the NHS resolve a elementary problem surrounding lack of entry to real-time data throughout its multitude of companies. Developed over the course of a 6-year R&D course of, Reworking Programs’ product portfolio, SHREWD, goals to unravel the problem of capturing and reworking prime quality information on fluctuating scales, from various sources.

The product portfolio facilitates safe, real-time information assortment, evaluation and forecasting, at a value that’s accessible to all well being and social care commissioners. As soon as captured, information collected through the SHREWD empowers NHS groups to find out actionable insights from a variety of healthcare information, resulting in improved organizational efficiencies and useful resource utilization, finally aiming to enhance the supply of affected person care.

ABOUT VITALHUB

Software program for Well being and Human Providers suppliers designed to simplify the consumer expertise & optimize outcomes.

VitalHub gives know-how to Well being and Human Providers suppliers together with; Hospitals, Regional Well being Authorities, Psychological Well being, Lengthy Time period Care, House Well being, Neighborhood and Social Providers. VitalHub options span the classes of Digital Well being File (EHR), Case Administration, Care Coordination, Affected person Circulate & Operational Visibility, and DOCit Cellular Apps.

The Firm has a strong two-pronged progress technique, focusing on natural progress alternatives inside its product suite, and pursuing an aggressive M&A plan. At the moment, VitalHub serves 275+ shoppers throughout Canada, USA, UK, Australia, Qatar, and Latvia. VitalHub relies in Toronto, Canada, with an offshore improvement hub in Sri Lanka. The Firm is publicly traded on the TSX Enterprise Alternate beneath the image “VHI”.

CAUTIONARY STATEMENT

The TSX Enterprise Alternate has under no circumstances handed upon the deserves of the transactions and has neither permitted nor disapproved the contents of this press launch. Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this press launch.

CONTACT INFORMATION

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

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