VitalHub Corp. (TSX-Venture:VHI) came out with news that aroused investors on what looked to be a dull Monday.
The Toronto-based company announced that it has licensed its MCAP patient flow software solution to Hamad Medical Corporation in Qatar. HMC is the main provider of secondary and tertiary healthcare in Qatar and one of the leading hospital providers in the Middle East.
VitalHub’s recently-acquired subsidiary, Oak Group International, has licensed its web-based patient flow software, MCAP (Making Care Appropriate for Patients), to HMC’s Continuing Care Group to support the implementation of Qatar’s National Continuing Care Strategy.
This agreement follows the completion of a Patient Flow and Care Management Review using the MCAP software that was delivered in partnership with the professional services firm PricewaterhouseCoopers. The Review used the MCAP solution and its evidence-based criteria to identify opportunities to optimize admission and discharge processes at a number of HMC’s continuing care facilities.
Shares for VHI galloped two cents, or 11.1%, approaching noon ET on Monday, to 20 cents, on more than 275,000 shares.