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VitalHub Corp. Announces Acquisition of S12 Solutions Ltd.


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TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- VITALHUB CORP. (TSXV:VHI) (the "Company" or "VitalHub") is pleased to announce today that it has acquired (the "Acquisition") S12 Solutions Ltd. ("S12 Solutions"). This is VitalHub's 10
th acquisition completed since 2017 and marks continued expansion into the growing mental health patient-care sector.
S12 Solutions has a recurring revenue base of £1,550,000 (C$2,617,000) which represents almost all of its revenue and adds to VitalHub's growing Annualized Contract Value ("ACV") [footnote 1] base;
For the first quarter ending March 31, 2021, S12 Solutions had an unaudited total revenue of approximately £282,800 (C$477,423) generating an unaudited EBITDA of £48,500 (C$81,878).
VitalHub's ACV, including the recently-announced acquisition of selected assets of Jayex Healthcare Ltd. and the acquisition of S12 Solutions, now stands at C$18,187,000 (excluding Q1 2021 organic growth which has not yet been reported);

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