VitalHub

Public healthcare software company providing solutions for health and human services providers, focused on patient flow management, EHR systems, and workforce automation.

Toronto, Canada Est. 2003

Investment Requirements

Revenue (ARR)
Flexible
Deal Structure
Cash + earnout
Target Industries
B2B Software
Geographic Focus
North America Europe Australia Global

Company Overview

VitalHub

What They Buy

  • Target: Healthcare software companies with proven solutions
  • Focus: Patient flow management, EHR systems, workforce automation
  • Size: $10M+ deals (recent acquisitions $30M+ each)
  • Structure: Cash plus earnout, strategic integrations
  • Markets: Single-payer healthcare systems (Canada, UK, Australia, Middle East)
  • Geography: Global with focus on Commonwealth countries

Recent Major Acquisitions

  • Novari Health: Patient flow and referral management ($43.6M, July 2025)
  • Induction Healthcare: UK healthcare platform (£9.7M, April 2025)
  • MedCurrent Corporation: Healthcare software solutions
  • Strata Health: Healthcare technology platform

Track Record

  • Founded: 2003, public company (TSX listed)
  • Leadership: Dan Matlow (CEO, 62, healthcare IT veteran)
  • Scale: 1,000+ customers, $90M+ ARR, $775M market cap
  • Growth: Stock quintupled in 24 months, 25% appreciation in 2025
  • Philosophy: Two-pronged growth strategy (organic + aggressive M&A)
  • Customers: NHS, Nova Scotia Community Services, Hospital for Sick Children

Portfolio Companies

Novari Health
Patient flow solutions and referral management ($43.6M acquisition, July 2025)
Induction Healthcare Group
UK healthcare technology platform (£9.7M acquisition, April 2025)
MedCurrent Corporation
Healthcare software solutions
Strata Health
Healthcare technology platform

Similar Acquirers

Last updated: October 6, 2025

Information verified from public sources. Report corrections