VitalHub Corp. (the “Company” or “VitalHub”) (TSX: VHI)
(OTCQX:VHIBF) today announced it ranked 421st on the Deloitte
Technology Fast 500™, a ranking of the fastest-growing technology,
media, telecommunications, life sciences, fintech, and energy tech
companies in North America, now in its 29th year. VitalHub grew
291% during this period.
VitalHub’s chief executive officer, Dan Matlow, credits the
company’s ability to meaningfully impact client and patient
outcomes by meeting the transformative digital needs of our
healthcare customers around the world with the company’s 291%
revenue growth. Dan Matlow said, “We are grateful for the growing
recognition of VitalHub as a leader providing our Electronic Health
Record and Patient Flow solutions for community, social service,
and healthcare organizations globally. Rejoining the list of the
500 fastest-growing companies in North America reaffirms our
company strengths and our team's dedication to meeting the rising
demand for innovation in digital health. We would like to
acknowledge and thank our customers, our employees, and our
investors — for their dedication and for their unwavering support
in our journey. We are excited to see that our strategy continues
to produce positive results and successful customers. We look
forward to continuing our journey of becoming a global leader in
mission-critical solutions for the health and human services
sectors.”
“Each year we look forward to reviewing the progress and
innovations of our Technology Fast 500 winners. This year is
especially celebratory as we expand the number of winners to better
represent just how many companies are developing new ideas to
progress our society and the world, especially during a slow
economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S.
technology sector leader. “While software and services and life
sciences continue to dominate the top 10, we are encouraged to see
other categories making their mark. Congratulations to all the
winners who show us how creativity, hard work and perseverance can
lead to success.”
“As for growing companies, it’s always rewarding to be
recognized for the ongoing commitment it takes to navigate
obstacles, transform when necessary and ultimately create a
thriving business,” said Christie Simons, partner, Deloitte &
Touche LLP and industry leader for technology, media and
telecommunications within Deloitte’s audit and assurance practice.
“Over the nearly 30 years we’ve been compiling the Technology Fast
500, we’ve seen new categories emerge, growth rates explode, and
certain regional markets shine from the bright talent they attract.
We are proud of all the winners for achieving this well-deserved
honor.”
Overall, the 2023 Technology Fast 500 companies achieved revenue
growth ranging from 201% to 222,189% over the three-year time frame
from 2019 to 2022, with an average growth rate of 1,934% and a
median growth rate of 497%.
About the 2023 Deloitte Technology Fast 500Now
in its 29th year, the Deloitte Technology Fast 500 provides a
ranking of the fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies — both public and private — in North America. Technology
Fast 500 award winners are selected based on percentage fiscal year
revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company’s operating revenues. Companies must have base-year
operating revenues of at least US$50,000, and current-year
operating revenues of at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
About VitalHub Software for Health and Human
Services providers designed to simplify the user experience and
optimize outcomes.
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 & Optimization, and
Patient Flow & Operational Visibility solutions.
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 more than
1,000 clients across Canada, USA, UK, Australia, the Middle East,
and Europe.
VitalHub is based in Toronto, Canada, with an offshore
development hub in Sri Lanka. The VitalHub team comprises more than
350 team members globally. The Company is publicly traded on the
Toronto Stock Exchange (TSX) under the symbol "VHI" and on the OTC
Markets OTCQX Exchange under the symbol “VHIBF”.
https://www.VitalHub.com/
About DeloitteDeloitte provides
industry-leading audit, consulting, tax and advisory services to
many of the world’s most admired brands, including nearly 90% of
the Fortune 500® and more than 8,500 U.S.-based private companies.
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matters by creating trust and confidence in a more equitable
society. We leverage our unique blend of business acumen, command
of technology, and strategic technology alliances to advise our
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network serving our clients in the markets that are most important
to them. Bringing more than 175 years of service, our network of
member firms spans more than 150 countries and territories. Learn
how Deloitte’s approximately 457,000 people worldwide connect for
impact at www.deloitte.com.
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Limited, a UK private company limited by guarantee (“DTTL”), its
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CAUTIONARY STATEMENTThis press release includes
forward-looking statements regarding the Corporation and its
business, which may include, but is not limited to, statements with
respect to the appointment of a new directors. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Such statements are based on the current expectations of the
management of each entity and are based on assumptions and subject
to risks and uncertainties. Although the management of each entity
believes that the assumptions underlying these statements are
reasonable, they may prove to be incorrect. The forward-looking
events and circumstances discussed in this release, may not occur
by certain specified dates or at all and could differ materially as
a result of known and unknown risk factors and uncertainties
affecting the companies, including risks regarding the technology
industry, failure to obtain regulatory or shareholder approvals,
market conditions, economic factors, the equity markets generally
and risks associated with growth and competition. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and the Corporation undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
PR Contact: Nicholas Abesamis, VitalHub, 416-900-6017, and
Nicholas.abesamis@VitalHub.com
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