VitalHub to acquire UK based innovator
September 23, 2020
TORONTO – VitalHub Corp. is pleased to announce that it will acquire UK based Transforming Systems Ltd. The company has devised innovative technology that allows healthcare organizations to capture, transform, and provide actionable insights from a wide range of health data to drive behavioural change.
In addition to growing the company and its applications in the UK, VitalHub also plans to bring Transforming Systems technology into the Canadian healthcare sector.
With their National Health Services (NHS) partners, Transforming Systems delivers award winning patient flow visibility solutions through their “SHREWD platform.” The SHREWD platform and portfolio of modules have the ability to take complex data from all system providers across health and social care, creating clear visibility of pressure and potential impact on demand and capacity.
This whole system visibility enables teams to unite and take action, with an integrated, cross-system response, tackling and preventing pressure peaks.
Transforming Systems began commercializing their solutions in 2015 and has its main office in London, United Kingdom with staff and operations, composed of 28 employees, located throughout the UK. Their solutions are currently used at 37 regional NHS organizations in the UK. Transforming Systems are a “NHS National Innovation Accelerator” with two of their current solutions.
Total consideration to be paid by VitalHub is expected to be approximately £6 million.
“Transforming Systems represents our fourth acquisition in the Patient Flow and Operational visibility space and is highly synergistic with our MCAP, Oculys and Intouch With Health solutions,” said Dan Matlow (pictured), CEO of VitalHub Corp.
“Globally we are seeing the restructuring of healthcare systems to be regionally centric clusters of services that collectively service patients in a coordinated fashion,” said Matlow. “Transforming Systems is the leading solution within the NHS that provides integrated, regionally based real time performance data.
“This information allows regions to react to pressures within the health system in a prompt and coordinated fashion. It has proved to be invaluable during the COVID-19 response within the NHS. We like the opportunity to expand the solution within the NHS and globally, as we believe it is unique and applicable outside of the UK as well.”
“The benefits of collaboration will be significant, and we are looking forward to combining our platform and actionable insight products with VitalHub’s broader healthcare portfolio,” said Colin Rees, chair of Transforming Systems. “This will provide additional opportunities in the UK as well as globally.”
For its part, 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, Patient Flow & Operational Visibility, and DOCit Mobile Apps.
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 275+ clients across Canada, USA, UK, Australia, Qatar, and Latvia. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka.