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VitalHub (TSX:VHI) subsidiary S12 Solutions reports new multi-year contract in the UK

Health Care, Technology
TSX:VHI
15 December 2021 16:30 (EDT)
VitalHub - CEO, Dan Matlow

Sourced: MidasLetter

VitalHub (VHI) subsidiary S12 Solutions signed a new contract in November with Northamptonshire Healthcare NHS Foundation Trust.

S12 Solutions, acquired by VitalHub earlier this year, is a digital platform based in the United Kingdom that connects Approved Mental Health Professionals (AMHPs) with doctors for mental health assessments (MHA).

Founded in 2017, S12’s platform provides efficient and timely access to assessment teams, more preparation time, and greater control over contact information.

This new multi-year contract with Northamptonshire Healthcare NHS Foundation Trust (NHFT) will help the trust to move towards a digital rather than paper-based records system.

NHFT employs more than 5,000 staff that provide dedicated healthcare in the community, making contact with patients on more than 1.5 million occasions in the 2017-2018 year alone.

“We are extremely pleased with the progress being achieved by the S12 team,” said Dan Matlow, CEO of VitalHub. “The S12 platform solves a significant market need by addressing the inefficiencies caused by outdated paper-based processes associated with the MHA.

“In addition to this planned implementation at Northamptonshire, we continue to see a significant opportunity to leverage the S12 technology platform, both within its current mental health application, and to disrupt additional healthcare market verticals.”

VitalHub is a Canadian-based company that develops technology solutions for health and human services providers in the mental health, long-term care, community health service, home health, social service, and acute care sectors.

Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.

Shares in VitalHub Corp. (VHI) are down 1.52 per cent, trading at $3.25 per share as of 3:13 pm EST.

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