VitalHub Corp. has closed the acquisition of all of the issued and outstanding shares of Oculys Health Informatics Inc.
Total consideration paid by VitalHub, after a closing net equity adjustment, was approximately $4,227,000. The purchase price is composed of a $2.2-million issuance of common shares of VitalHub and a cash payment equal to the difference between the purchase price and the share component, which VitalHub was approximately $2,027,000.
Further details of the acquisition are available in the company’s press release of Oct. 21, 2019.
Upon issuance of the share component the company currently has 177,584,881 issued and outstanding common shares.
About Oculys Health
Oculys provides a real-time and predictive operational management system for hospitals, focusing on the efficiency and effectiveness of patient care.
Vitalhub develops mission-critical technology solutions for Health and Human Services providers in the Mental Health (Child through Adult), Long Term Care, Community Health Service, Home Health, Social Service and Acute Care sectors. Vitalhub technologies include Blockchain, Mobile, Patient Flow, Web-Based Assessment and Electronic Health Record 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 200+ clients across North America. Vitalhub is based in Toronto, Canada, with an offshore development hub in Sri Lanka.