VitalHub Announces Increase to Credit Facilities

Core Viewpoint - VitalHub Corp. has amended and expanded its credit facilities with The Bank of Nova Scotia, increasing its total committed borrowing capacity from $33 million to $65 million, enhancing the company's financial flexibility for growth opportunities [1][2]. Financial Details - The amended credit facilities include a $60 million term facility and a $5 million revolving facility, with the potential to increase borrowing by an additional $10 million through an accordion facility, which remains undrawn as of the announcement date [2]. - The company currently holds over $50 million in cash, in addition to cash generated from operations, positioning it well for value creation through organic growth and strategic capital deployment [3]. Company Overview - VitalHub is a leading software company focused on empowering health and human services providers globally, offering a comprehensive product suite that includes electronic health records, operational intelligence, and workforce automation solutions [3]. - The company serves over 1,000 clients across the UK, Canada, and other regions, and has a robust growth strategy that includes both organic opportunities and an aggressive M&A plan [3].