TORONTO, July 13, 2026 (GLOBE NEWSWIRE) -- Vitalhub Corp. (TSX:VHI) (OTCQX:VHIBF) ("VitalHub" or the "Company") announced today that it has acquired Buddy Healthcare Ltd Oy ("Buddy Healthcare"), a care coordination platform based in Finland.
Transaction Details
VitalHub has acquired Buddy Healthcare for total up-front consideration of €8.6 million, plus potential performance-based consideration. The purchase price paid at closing was composed of a cash payment of €8.3 million, subject to working capital adjustments, and the issuance of 75,000 common shares of VitalHub. The maximum amount payable under the all-cash earnouts is €4.5 million based on the achievement of performance-based targets at the end of the first two calendar years post-acquisition.
Overview of Buddy Healthcare
Established in 2016, Buddy Healthcare is a leading care coordination platform widely used across Europe, including Finland and the UK. The platform digitalizes specialised care pathways, replacing physical notes, phone calls, and unnecessary visits with automated guidance that keeps patients on track and frees up hospital resources. The platform consists of a web-based application for healthcare professionals and a mobile app for patients, enabling hospitals to deliver consistent, high-quality care.
As at June 30, 2026, Buddy Healthcare had Annual Recurring Revenue(1) of approximately €2.8 million and is approximately Adjusted EBITDA(2) breakeven.
Strategic Opportunity
The acquisition establishes a strategic beachhead in the Nordic healthcare market through a well-regarded platform and experienced local management team, who are fully committed to the future development of Buddy Healthcare and other VitalHub solutions.
The acquisition adds a digital backdoor solution that fills a gap in VitalHub's existing patient flow suite. Buddy currently has a growing operation and customers in the UK. The combination provides opportunities to accelerate Buddy Healthcare's growth in the UK through VitalHub's existing customer relationships and commercial infrastructure.
The combined offering is highly strategic and further strengthens VitalHub's position as a provider of mission-critical healthcare software that improves access, coordination, and delivery of care.
"Buddy Healthcare represents a highly strategic addition to the VitalHub platform," said Dan Matlow, CEO of VitalHub. "We have known Buddy Healthcare for a long time and have been impressed by the team's solution and ability to help hospitals digitize and automate complex care digital pathways across over 23 specialties, improving patient engagement while reducing administrative burden for clinicians. The solution is registered as a medical device solution further evidencing its complex workflows in the solution. The acquisition establishes a strong foundation for VitalHub in the Nordic region and strengthens our patient flow and patient engagement capabilities internationally. We believe there is a significant opportunity to accelerate Buddy Healthcare's growth through our broader customer relationships in the UK and across our global markets as it fits in perfectly."