Canadian Healthcare Technology Logo
  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us

Enovacom MHI

Enovacom MHI

Cisco Virtual Telehealth 1400×150

Cisco Virtual Telehealth 1400x150

Companies

VitalHub announces agreement to acquire Oculys

October 23, 2019


Dan MatlowTORONTO – VitalHub is pleased to announce an agreement to acquire all of the issued and outstanding shares of Oculys Health Informatics Inc. Total consideration to be paid by VitalHub is expected to be approximately $4.2 million.

The purchase price is composed of a $2.2 million issuance of common shares of VitalHub and a cash payment of approximately $2 million. The cash component includes $1,585,805 to be paid to certain creditors of Oculys, with the remainder paid to shareholders of Oculys.

Oculys provides a real-time and predictive operational management system for hospitals. The company currently has 18 hospital customers located across Ontario and Manitoba.

Oculys develops practical operational visibility solutions for healthcare professionals aimed at solving the challenges facing healthcare leaders, clinicians, and the patients they serve, ultimately reducing costs and improving the delivery of care.

Oculys’s revenue for the year ended March 31, 2019 was $2,066,540 with $1,559,177 being recurring in nature.

“Through this Acquisition, not only have we increased our recurring revenue base, we have created a synergistic opportunity for both customers of the Oak Group and Oculys to benefit from each other’s products and services,” said Dan Matlow (pictured), CEO of VitalHub Corp. “We look forward to levering Oculys’ operational flow solutions as we continue to advance our growth strategy.”

“Since inception, Oculys has become the leading provider in the Ontario and Manitoba marketplace for real-time and predictive operational management solutions,” said Franck Hivert, CEO of Oculys Health Informatics Inc. “By being part of VitalHub’s robust and growing suite of health IT solutions, Oculys will have the opportunity to meaningfully extend its product reach across Canada, and with significant support internationally.”

PreviousNext

WP 900×150

WP 900x150

News and Trends

  • New system eases clinical communication at Michael Garron
  • Quebec continues leadership in PET/CT
  • BC launches new form of virtual care for chronic care patients
  • Machine learning makes progress in care at Ontario hospitals
  • Mackenzie Health becomes a leader in digital pathology
More from the Print Edition

Subscribe

Subscribe

Free of charge to Canadian hospital managers and executives in nursing homes and home-care organizations. Learn More

Follow us on Social Media!

Follow us on Social Media!

CHT blasts 200×400

CHT blasts 200x400

Advertise with us

Advertise with us

Ampronix

Ampronix

Dapasoft CVC

Dapasoft CVC

Mohawk College (1)

Mohawk College (1)

WP 900×150

WP 900x150

Advertise with us

Advertise with us

Ampronix

Ampronix

Dapasoft CVC

Dapasoft CVC

Mohawk College (1)

Mohawk College (1)

Contact Us

Canadian Healthcare Technology
1118 Centre Street, Suite 207
Thornhill, Ontario, Canada L4J 7R9
Tel: 905-709-2330
Fax: 905-709-2258
info2@canhealth.com

  • Quick Links
    • Current Print Issue
    • Print Archive
    • Events
    • Vendors
    • About Us
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Resources
    • White Papers
    • Writers’ Guidelines
    • Privacy Policy
  • Topics
    • Administrative Solutions
    • Clinical Solutions
    • Companies
    • Continuing Care
    • Diagnostics
    • Education & Training
  •  
    • Electronic Records
    • Government & Policy
    • Infrastructure
    • Innovation
    • People
    • Privacy and Security

© 2021 Canadian Healthcare Technology

The content of Canadian Healthcare Technology is subject to copyright. Reproduction in whole or in part without prior written permission is strictly prohibited. Send all requests for permission to Jerry Zeidenberg, Publisher.

Search Site

Error: Enter a search term

  • Issues
    • Current Print Issue
    • Print Archive
  • Advertise
    • Publishing Schedule
    • Circulation
    • Unit Sizes and Rates
    • Mechanical Requirements
    • Electronic Advertising
    • White Papers
  • Subscribe
    • Print Edition
    • e-Messenger
    • White Papers
  • Events
  • Vendors
  • About Us