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The latest update is out from Vitalhub ( (TSE:VHI) ).
VitalHub has successfully closed a $34.5 million public offering, utilizing a bought deal led by Cormark Securities Inc. The proceeds from this offering will support the company’s growth initiatives, specifically targeting acquisitions in the healthcare industry. This strategic move is expected to enhance VitalHub’s market position by providing synergistic opportunities, aligning with its expansion strategy.
More about Vitalhub
VitalHub is a leading software company that provides solutions to health and human services providers worldwide. Their product suite includes electronic health records, operational intelligence, and workforce automation solutions, serving over 1,000 clients across the UK, Canada, and other regions. The company focuses on organic growth within its product offerings and aggressive mergers and acquisitions. Headquartered in Toronto, with a significant presence in Sri Lanka, VitalHub has over 500 employees globally.
YTD Price Performance: 2.38%
Average Trading Volume: 125,928
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$566.1M
See more insights into VHI stock on TipRanks’ Stock Analysis page.