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TORONTO - Vitalhub Corp. (TSX:VHI) (OTCQX:VHIBF), a healthcare technology company with a market capitalization of $409 million and trading near its 52-week low, announced Thursday that its subsidiary Novari Health has secured its first UK contract with the South West Provider Collaborative for its electronic referral and bed management workflow solution. According to InvestingPro analysis, the company appears undervalued based on its current Fair Value metrics.
The deployment marks Novari’s expansion beyond Canada and Australia into the UK healthcare market. The South West Provider Collaborative, an NHS-led partnership, provides specialized mental health services to over 5.5 million people across Britain’s South West region. With a solid current ratio of 2.83 and revenue growth of 4.04% in the last twelve months, Vitalhub demonstrates strong financial fundamentals for this expansion.
The technology will be implemented across four service lines: Child and Adolescent Mental Health Services, Adult Eating Disorders, Inpatient Perinatal Services, and Secure Mental Illness Services.
Novari’s Mental Health solution provides real-time bed visibility, structured admission workflows, central intake, and wait list management. The system aims to ensure patients receive timely care from appropriate providers as close to home as possible.
"As a specialized mental healthcare commissioner delivering patient-centred care across an extensive geographical area, it’s vital that we can manage the patient journey from referral to assessment to admission," said Dr. Jason Fee, Medical Director, South West Provider Collaborative.
The technology includes optional AI-enhanced analytics that provide real-time data on patient waiting times to help identify workflow bottlenecks and improve operational efficiency.
John Sinclair, President & CEO of Novari Health, stated, "Ensuring people can access the mental health services they need, when they need them, is one of the defining healthcare challenges of our era."
The South West Provider Collaborative includes NHS trusts, a community interest company, and independent sector organizations, with Devon Partnership NHS Trust as the lead provider.
This information is based on a press release issued by Vitalhub Corp. For deeper insights into Vitalhub’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports and expert analysis on over 1,400 US-listed companies.
In other recent news, Valhi, Inc. has reported a significant development related to its affiliate, Kronos Worldwide, Inc. Valhi disclosed that Kronos Worldwide has executed a Fourth Amendment to its Credit Agreement. This amendment involves several of Kronos Worldwide’s subsidiaries, including Kronos Louisiana, Inc., Kronos (US), Inc., Kronos Canada, Inc., Kronos Europe NV, and Kronos Titan GmbH. The amendment also includes Wells Fargo Bank, National Association, as the administrative agent, along with other lenders involved in the agreement. This development was detailed in a press release and a Form 8-K filing with the Securities and Exchange Commission. The amendment signifies the creation of a direct financial obligation for Kronos Worldwide. These recent updates are crucial for investors monitoring the financial commitments and obligations of Valhi and its affiliates.
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