TORONTO, Aug. 27, 2018 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV:VHI) announced today it has filed its Interim Condensed Consolidated Financial Statements and Management‘s Discussion and Analysis report for the quarter ended June 30, 2018 with the Canadian securities authorities. These documents may be viewed under the Company‘s profile at
When asked to comment on the results of Q2 2018, VitalHub CEO Dan Matlow said, “We are continuing to make progress on the integration of our acquired companies and are starting to realize the synergistic values we anticipated, as shown in the second straight quarter of positive adjusted EBITDA. It is important to note that Q2 does not have a large impact of one‐time perpetual licenses as compared to Q1. While we expect to make intermittent perpetual one‐time license transactions, we are primarily focused on increasing our Annual Recurring Revenue numbers, which increased by over 7% this quarter. We continue to grow our pipeline with meaningful new sales opportunities and further M&A opportunities.”
Highlights for the quarter ended June 30, 2018 include:
VitalHub develops and supports mission‐critical healthcare information systems in the Mental Health (Child, Youth and Adult), Long Term Care, Community Health Service, Home Health and Hospital sectors. VitalHub technologies include Blockchain, Mobile, and Web‐Based Assessment and EHR solutions.
VitalHub‘s aim is to create high‐value, secured solutions enabling interoperability among existing health data systems. VitalHub is primarily focused on working with organizations in the Mental Health, Acute and Long‐Term Care space, to further extend organization‘s applications across the continuum of care, powered by the security, efficiency, and trust of Blockchain technology.
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 200+ participants across North America. 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”.
The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Chief Executive Officer, Director (416) 727‐9061