Latest news with #Induction
Toronto Star
3 days ago
- Business
- Toronto Star
VitalHub Reports Second Quarter 2025 Results
Annual Recurring Revenue (ARR)(1) up 55% YoY to $79.6 million Total Revenue up 47% YoY to $23.9 million Adjusted EBITDA(1) up 50% YoY to $6.3 million TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) — Vitalhub Corp. (TSX:VHI) (OTCQX:VHIBF) (the 'Company' or 'VitalHub') announced today it has filed its Interim Condensed Consolidated Financial Statements and Management's Discussion and Analysis report for the three and six months ended June 30, 2025 with the Canadian securities authorities. These documents may be viewed under the Company's profile at 'Momentum continued in the second quarter with annual organic ARR(1) growth of 14% and 26% adjusted EBITDA(1) margin,' said Dan Matlow, CEO of VitalHub. 'We have worked hard to integrate all 2024 acquisitions that we are building toward our targeted consolidated financial profile. We recently closed the larger acquisitions of Canada-based Novari and UK-based Induction. These add established electronic referral, surgical wait list management, and patient engagement solutions to the VitalHub patient flow suite. Inclusive of all activity to date, we have over $40 million of cash and over $90 million of ARR(1), providing the flexibility and scale to continue expanding internationally.' VitalHub's quarterly investor conference call will take place on Friday, August 8, 2025, at 9:00AM EST. To register for the conference call please visit: ARTICLE CONTINUES BELOW Second Quarter 2025 Highlights ARR(1) as at June 30, 2025 was $79,589,081 as compared to $73,687,666 at March 31, 2025, an increase of $5,901,415 or 8%.Over the previous quarter, ARR(1) movement in Q2 2025 from Q1 2025 was attributable to the following: Organic growth of $1,860,849 or 3%. Acquisition growth of $3,870,000 or 5%. Gain of $170,566 due to fluctuations in foreign exchange rates. ARR(1) as at June 30, 2025 was $79,589,081 as compared to $73,687,666 at March 31, 2025, an increase of $5,901,415 or 8%.Over the previous quarter, ARR(1) movement in Q2 2025 from Q1 2025 was attributable to the following: Organic growth of $1,860,849 or 3%. Acquisition growth of $3,870,000 or 5%. Gain of $170,566 due to fluctuations in foreign exchange rates. Revenue of $23,857,548 as compared to $16,237,605 in the equivalent prior year period, an increase of $7,619,943 or 47%. From the date of closing to June 30, 2025, Induction contributed revenue of $480,383. ARR(1) as at June 30, 2025 was $79,589,081 as compared to $73,687,666 at March 31, 2025, an increase of $5,901,415 or 8%.Over the previous quarter, ARR(1) movement in Q2 2025 from Q1 2025 was attributable to the following: Organic growth of $1,860,849 or 3%. Acquisition growth of $3,870,000 or 5%. Gain of $170,566 due to fluctuations in foreign exchange rates. Revenue of $23,857,548 as compared to $16,237,605 in the equivalent prior year period, an increase of $7,619,943 or 47%. From the date of closing to June 30, 2025, Induction contributed revenue of $480,383. Gross profit as a percentage of revenue was 81% in Q2 2025 and Q2 2024. Net income before income taxes of $2,255,226 as compared to $1,383,605 in the equivalent prior year period, an increase of $871,621 or 63%. EBITDA(1) of $3,599,683 as compared to $1,972,452 in the equivalent prior year period, an increase of $1,627,231 or 82%. Adjusted EBITDA(1) of $6,304,647 or 26% of revenue, as compared to $4,193,985 or 26% of revenue in the equivalent prior year period, an increase of $2,110,662 or 50%. Six Month 2025 Highlights ARR(1) as at June 30, 2025 was $79,589,081 as compared to $51,283,570 at June 30, 2024, an increase of $28,305,511 or 55%.Over the previous year, ARR(1) movement in Q2 2025 from Q2 2024 was attributable to the following: Organic growth of $7,329,129 or 14%. Acquisition growth of $18,470,000 or 36%. Gain of $2,506,382 due to fluctuations in foreign exchange rates. ARR(1) as at June 30, 2025 was $79,589,081 as compared to $51,283,570 at June 30, 2024, an increase of $28,305,511 or 55%.Over the previous year, ARR(1) movement in Q2 2025 from Q2 2024 was attributable to the following: Organic growth of $7,329,129 or 14%. Acquisition growth of $18,470,000 or 36%. Gain of $2,506,382 due to fluctuations in foreign exchange rates. Revenue of $45,532,514 as compared to $31,494,396 in the equivalent prior year period, an increase of $14,038,118 or 45%. Gross profit as a percentage of revenue was 81% in the first six months of 2025 and 2024. Net income before income taxes of $3,742,639 as compared to net income before income taxes of $3,362,500 in the equivalent prior year period, a increase of $380,139 or 11%. EBITDA(1) of $6,750,057 compared to $5,071,468 in the prior year, an increase of $1,678,589 or 33%. Adjusted EBITDA(1) of $11,919,333 or 26% of revenue, compared to $8,238,917 or 26% of revenue in the equivalent prior year period, an increase of $3,680,416 or 45%. Cash on hand as at June 30, 2025 was $94,008,665 compared to $56,574,904 as at December 31, 2024. The Company arranged a $15,000,000 loan to finance an acquisition and fully repaid the balance subsequent to quarter-end. On July 4, 2025, the Company acquired all of the issued and outstanding shares of Novari Health Inc. and its subsidiaries ('Novari') for total consideration of approximately $35.8 million in cash and the issuance of 733,726 common shares of VitalHub. Novari's platform offers a series of integrated software modules providing referral management, surgical wait list management, central intake, and care coordination. With the addition of the ARR(1) of Novari subsequent to the quarter, the Company's pro forma ARR(1) as at June 30, 2025, is approximately $91.6 million. (1) Non-IFRS measure. Disclaimers and reconciliations can be found in SEDAR filings. About VitalHub VitalHub is a leading software company dedicated to empowering health and human services providers globally. VitalHub's comprehensive product suite includes electronic health records, operational intelligence, and workforce automation solutions that serve over 1,000 clients across the UK, Canada, and other geographies. The Company has a robust two-pronged growth strategy, targeting organic opportunities within its product suite and pursuing an aggressive M&A plan. VitalHub is headquartered in Toronto with over 500 employees globally, across key regions and the VitalHub Innovations Lab in Sri Lanka. For more information about VitalHub (TSX:VHI) (OTCQX:VHIBF), please visit and LinkedIn. Contact Information Christian Sgro, CPA, CA, CFA Head of IR and M&A Specialist (365) 363-6433 Dan Matlow Chief Executive Officer, Director (416) 727-9061 Cautionary Statement Certain statements contained in this news release may constitute 'forward-looking information' or 'financial outlook' within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or financial outlook. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'is expected', 'expects', 'scheduled', 'intends', 'contemplates', 'anticipates', 'believes', 'proposes' or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Such statements are based on the current expectations of the management of each entity and are based on assumptions and subject to risks and uncertainties. Although the management of each entity believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Express Tribune
03-08-2025
- Express Tribune
Train derailment hits modernisation
Listen to article Hamza Ali, who opted to travel via rail after a couple of years, arrived early at Lahore Railway Station on Friday, pleasantly surprised by the modernised Central Induction Passenger (CIP) lounge. Air-conditioned waiting rooms, clean restrooms, free Wi-Fi, tea service, and reclining chairs were a welcome change from the outdated and overcrowded facilities he had been used to. "This is something you would expect at an international airport, not a railway station in Pakistan," he told The Express Tribune with a smile, appreciating the visible improvements. As the Islamabad Express departed for its journey, Ali felt optimistic about the direction Pakistan Railways was finally taking. But just an hour into his journey, that optimism quickly turned into fear and disbelief. Near Kala Shah Kaku, a sudden jolt sent panic through the coaches. Several bogies of Islamabad Express derailed, tossing luggage and passengers around. Although there were no fatalities, many were injured, and the train service was suspended for hours. "The moment it happened, I thought we were going to die," Ali explained. "All that comfort vanished in a second. I am not sure I will ever feel safe travelling by train again." This contrast encapsulates the current state of Pakistan Railways; a corporation trying to modernise and attract passengers with new facilities yet struggling to ensure basic travel safety. Over the past years, the railways ministry has taken several initiatives to improve infrastructure at major stations like Lahore, Karachi, and Rawalpindi. Newly constructed passenger lounges, clean platforms, and digitised ticketing systems aim to offer a better experience, especially to premium travellers. The Lahore station's new CIP lounge is part of this broader plan to enhance customer service and restore public trust. However, a series of accidents — derailments, collisions, and even terrorist attacks — continue to shake passenger confidence. The derailment of the Islamabad Express near Kala Shah Kaku is not an isolated incident. In July alone, three minor derailments were reported on Main Line 1 (ML-1), the busiest and most crucial rail artery of the country. ML-1 carries more than 70% of the passenger and freight traffic in Pakistan, but its decades-old infrastructure and rolling stock are in dire need of a comprehensive overhaul. Pakistan Railways has been pinning its hopes on the much-delayed ML-1 upgrade, a flagship project under the China-Pakistan Economic Corridor (CPEC). The $6.8 billion project aims to modernise 1,872 kilometres of track from Karachi to Peshawar, enabling faster and safer travel. While earlier discussions with China seemed promising, the financing has faced continuous delays. Recently, railway officials have started engaging with the Asian Development Bank (ADB) to co-finance certain sections of ML-1, particularly those involving high-traffic zones. A senior railway official, seeking anonymity, admitted that internal challenges are as daunting as external ones. "The biggest issue is institutional inertia. Despite repeated accidents, safety audits are often delayed. Funds meant for maintenance are either diverted or lapsed. We are pushing hard to bring reforms, but the pace is slow due to bureaucratic hurdles," the official said. He added that the current management is now trying to set up a dedicated Railway Safety Authority to monitor the condition of tracks, rolling stock, and signal systems in real time. Despite the setbacks, Pakistan Railways has managed to post a modest increase in revenue. For FY25, the entity has earned Rs93 billion, up from Rs88 billion the previous year. This increase is attributed to higher ticket fares, improved cargo handling, and a rise in online bookings. But security concerns are adding another layer of complexity apart from derailments. In recent months, passenger trains in Balochistan and Sindh have been targeted by militants, raising alarms over the safety of passengers and railway staff. The department has now proposed the deployment of dedicated Railway Police squads on long-distance trains and is in talks with provincial governments to increase intelligence sharing to prevent such incidents. The challenge for PR management and its minister is much bigger and more serious. The task is no longer just about upgrading infrastructure or increasing revenues. It is about rebuilding the trust of passengers like Hamza Ali, who now weigh the risks every time they book a train ticket. The railways may be rolling out new facilities and planning mega-projects, but unless it can guarantee safe and secure travel, those efforts may ultimately be derailed.
CBC
21-05-2025
- Entertainment
- CBC
Canadian Country Music Hall of Fame honours inductee k.d. lang
In a small ceremony on May 21, lang placed a plaque bearing her name on the wall of Studio Bell, home of the Canadian Country Music Hall of Fame. lang was inducted into hall last year.
CTV News
06-05-2025
- Entertainment
- CTV News
Glass Tiger to be inducted into the Canadian Music Hall of Fame
Glass Tiger member Alan Frew discusses the band's induction into the Canadian Music Hall of Fame.
Yahoo
19-04-2025
- Business
- Yahoo
Institute of Information Management (IIM) Australia Successfully Concludes 2025 Annual Conference, Induction & Investiture in Brisbane
BRISBANE, Australia, April 19, 2025 /PRNewswire/ -- The Institute of Information Management (IIM) Australia is pleased to announce the successful conclusion of its 2025 Annual Conference, Induction, and Investiture Ceremony, held on Saturday, April 12, 2025, at Mantra on Queen, Brisbane. With the theme "Navigating Data Integrity and Compliance in the Australian Digital Landscape," the event brought together distinguished professionals, industry leaders, inductees, and guests from both the public and private sectors. Participants joined both in person and virtually to explore emerging challenges and opportunities in data governance. The conference began with an opening address by IIM International President, Amb. (Dr.) Oyedokun Ayodeji Oyewole, CCDOA, FIIM. In his remarks, Dr. Oyewole emphasized the growing significance of data integrity and compliance in an era of rapid technological change and increasing regulatory demands. A key highlight of the day was the keynote presentation delivered by Ms. Kate Carruthers (FGIA, MAICD), Director of Info Sphere Education Pty Ltd, Sydney. Her address, titled "The New Rules of Data: Compliance, Conflict, and Competitive Advantage," offered attendees a compelling exploration of the evolving regulatory environment in Australia and beyond. Ms. Carruthers examined global data management trends, the human dimension of data, and practical strategies for organizations navigating new compliance frameworks. She shed light on critical developments such as the Privacy and Other Legislation Amendment Act (December 2024), the Cyber Security Act 2024, and updated standards impacting critical infrastructure and financial institutions. Emphasizing integrated federal legislation, mandatory ransomware reporting, and enhanced protections for vulnerable groups—including children and victims of doxing—Ms. Carruthers underscored the imperative for organizations to embed data integrity, trust, and transparency into their core operations. The event also featured the formal induction of new members into the IIM Australia community across various categories, including Honorary Fellow, Professional Fellow, and Associate Member. The investiture ceremony recognized these individuals' outstanding contributions to the field of information management and their dedication to upholding professional excellence. The 2025 Annual Conference reaffirmed IIM Australia's unwavering commitment to promoting thought leadership, regulatory awareness, and excellence in data governance amid the ongoing digital transformation. For further information about IIM Australia and upcoming events, please contact: Institute of Information Management (IIM) AustraliaHillcrest, Queensland AustraliaEmail: info@ Celestine AchiCell: +234-08099997175Email: Photo - View original content to download multimedia: SOURCE Institute of Information Management
