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VitalHub

VitalHub Acquires Novari in $48.6M Deal

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Toronto-based VitalHub has acquired Novari Health of Kingston, Ontario, in a deal worth up to $48.6 million CAD. The acquisition includes $35.8 million in cash, $7.8 million in shares, and up to $5 million in performance bonuses. Novari, a developer of referral and waitlist management software, posted $12 million in annual recurring revenue and was nearing EBITDA breakeven.

VitalHub called the deal strategic, reinforcing its leadership in Canada’s patient flow and referral tech space. CEO Dan Matlow praised Novari’s long-standing impact and hinted at global ambitions, particularly in the U.K., leveraging VitalHub’s expanding international reach.

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VitalHub to Acquire AI-Powered MedCurrent in $34 Million Deal

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VitalHub announced the acquisition of MedCurrent for $34 million. MedCurrent’s OrderWise, a clinical decision support tool, uses AI to improve medical imaging orders’ appropriateness, enhancing patient care and reducing costs. This aligns with VitalHub’s goal to streamline healthcare delivery through advanced technology. MedCurrent’s solutions are used in over 80 installations globally, aiming to address inefficiencies in healthcare diagnostics.

The acquisition will see MedCurrent become a VitalHub subsidiary, pending regulatory and shareholder approvals, with completion expected in September. “This acquisition represents a significant step forward in our mission to enhance healthcare delivery through technology,” stated VitalHub CEO Dan Matlow. 

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