Vitalhub ( (TSE:VHI) ) has issued an update.
VitalHub Corp. reported a significant increase in its financial performance for the year 2024, with annual recurring revenue rising by 59% to $71.1 million and total revenue up by 51% to $20.6 million. The company achieved a 27% year-over-year growth in adjusted EBITDA, reaching $5.0 million, driven by both organic growth and strategic acquisitions. VitalHub’s CEO, Dan Matlow, highlighted the company’s momentum in platform functionality and reputational awareness, with a balanced growth across its EHR suite in Canada and patient flow solutions in the UK. The company completed four acquisitions in 2024, adding $17.9 million in acquisition ARR, and is focused on integrating these acquisitions to enhance revenue growth and operational efficiency. With a strong cash balance of approximately $90 million, VitalHub is well-positioned for continued mergers and acquisitions activity in 2025.
More about Vitalhub
VitalHub Corp. operates within the healthcare technology industry, providing electronic health records (EHR) and patient flow solutions primarily in Canada and the UK. The company focuses on enhancing healthcare operations through innovative software solutions and has been actively expanding its market presence through strategic acquisitions.
YTD Price Performance: -16.27%
Average Trading Volume: 143,332
Technical Sentiment Signal: Sell
Current Market Cap: C$494.6M
Learn more about VHI stock on TipRanks’ Stock Analysis page.