VitalHub Proclaims Acquisition Of Novari Effectively Being

TORONTO — Vitalhub Corp. is completely happy to announce that it has acquired Novari Effectively being Inc., a primary healthcare software program program provider of affected particular person transfer choices based totally in Canada. VitalHub has acquired Novari for full up-front consideration of $43.6 million, plus potential performance-based consideration.

The acquisition value paid at closing was composed of a cash price of $35.8 million, matter to working capital adjustments, and the issuance of 733,726 widespread shares of VitalHub. The utmost amount payable beneath the all-cash performance-based earnout is $5 million over the two-year interval following closing.

Based in Kingston, Ontario, Novari is a primary healthcare software program program provider with over 20 years of experience bettering victims’ entry to care.

The platform offers a group of built-in software program program modules providing referral administration, surgical wait itemizing administration, central consumption, and care coordination.

Effectively being applications, hospitals, and regional effectively being authorities leverage Novari’s cloud-based utilized sciences to drive down wait situations and make certain that the exact victims get dealt with on the right time and by the exact provider.

As of June 30, 2025, Novari had annual recurring revenue of roughly $12 million. Earlier to the acquisition, Novari was approaching Adjusted EBITDA breakeven.

Strategic various
The referral administration market is a key area of funding for governments internationally attributable to rising wait situations and administrative burdens. Along with Strata’s referral administration platform, the acquisition is predicted to strengthen VitalHub’s principal place throughout the Canadian market.

Furthermore, VitalHub will leverage its worldwide footprint to additional rapidly develop Novari’s penetration globally, notably throughout the UK. A joint go-to-market and suite of choices will enhance value for purchasers and arrange VitalHub as a pacesetter throughout the referral administration market.

“Now we’ve got watched the success of Novari throughout the Canadian panorama for over a decade and are honoured to welcome the workforce to the VitalHub platform,” acknowledged Dan Matlow (pictured left), CEO of VitalHub. “Now we’ve got solidified our principal place throughout the Canadian affected particular person transfer market, which we take into account shall be a long-term area of growth throughout the nation’s digitalization journey.”

“We couldn’t be additional captivated with turning right into a VitalHub agency as we look to hurry up our growth in Canada, the place we’ll proceed to provide good software program program {{and professional}} firms to our present and future Canadian purchasers, and internationally the place we’ll revenue from VitalHub’s presence and purchaser relationships,” acknowledged John Sinclair (pictured correct), CPHIMS, president and CEO of Novari.

About Novari
Novari’s award-winning enterprise scale referral administration, central consumption, and wait itemizing administration software program program choices improve entry to care, whereas bettering the effectivity and effectiveness of healthcare organizations. Leveraging HL7, FHIR, DICOM, and completely different worldwide necessities, Novari’s utilized sciences complement and mix with all types of healthcare applications (e.g., HIS, EMR, PACS, and so forth.). Headquartered in Canada, with locations of labor in Australia, New Zealand, and the UK, Novari is no doubt one of many quickest rising digital effectively being reply suppliers. ISO 27001 licensed, Novari Effectively being is a Microsoft Confederate, with software program program choices hosted on Microsoft Azure’s worldwide neighborhood of knowledge centres.

About VitalHub
VitalHub is a primary software program program agency dedicated to empowering effectively being and human firms suppliers globally. VitalHub’s full product suite accommodates digital effectively being data, operational intelligence, and workforce automation choices that serve over 1,000 purchasers all through the UK, Canada, and completely different geographies. The Agency has a robust two-pronged growth approach, concentrating on pure alternate options inside its product suite and pursuing an aggressive M&A plan. VitalHub is headquartered in Toronto with over 500 staff globally, all through key areas and the VitalHub Enhancements Lab in Sri Lanka. For additional particulars about VitalHub (TSX:VHI) (OTCQX:VHIBF), please go to www.vitalhub.com.