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
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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

Strattam Capital

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Horizon Capital

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Founded 2018
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Alleyway Capital

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Industries B2B Software
Target ~$200K - $2M ARR
Deal structure All cash

Last updated: October 6, 2025

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