Mr. Dan Matlow reports

VITALHUB ANNOUNCES ACQUISITION OF BUDDY HEALTHCARE

Vitalhub Corp. has acquired Buddy Healthcare Ltd. Oy, a care co-ordination platform based in Finland.

Transaction details

Vitalhub has acquired Buddy Healthcare for total upfront consideration of 8.6 million euros, plus potential performance-based consideration. The purchase price paid at closing was composed of a cash payment of 8.3 million euros, 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 euros based on the achievement of performance-based targets at the end of the first two calendar years postacquisition.

Overview of Buddy Healthcare

Established in 2016, Buddy Healthcare is a leading care co0ordination platform widely used across Europe, including Finland and the United Kingdom. The platform digitalizes specialized 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 health care 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 of approximately 2.8 million euros, and is approximately adjusted earnings before interest, taxes, depreciation and amortization break-even.

Strategic opportunity

The acquisition establishes a strategic beachhead in the Nordic health care market through a well-regarded platform and experienced local management team, which is 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 United Kingdom. The combination provides opportunities to accelerate Buddy Healthcare's growth in the U.K. 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 health care software that improves access, co-ordination and delivery of care.

"Buddy Healthcare represents a highly strategic addition to the Vitalhub platform," said Dan Matlow, chief executive officer 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 U.K. and across our global markets as it fits in perfectly."

"Since founding Buddy Healthcare, our mission has been to help care teams deliver more co-ordinated, efficient and patient-centred care through practical digital innovation," said Jussi Maatta, chief executive officer of Buddy Healthcare. "We believe Vitalhub is the ideal long-term home for our business, bringing deep health care expertise, a strong international presence, and a shared commitment to improving outcomes for providers and patients alike. Over the past decade, we have built a leading care pathway management platform trusted by hospitals across Europe to improve patient preparation, engagement and recovery. Together, we have an exciting opportunity to expand our impact across existing markets and introduce Buddy Healthcare's platform to a broader global audience."

About Buddy Healthcare Ltd. Oy

Buddy Healthcare provides an MDR Class 2a compliant care co-ordination platform that streamlines perioperative and secondary care pathways. The platform digitizes patient communication, assessments and outcomes while enabling real-time data visualization to help care teams prioritize patients, prepare more efficiently for treatment, and support recovery and follow-up.

About Vitalhub Corp.

Vitalhub is a leading software company dedicated to empowering health and human service providers globally. Vitalhub's comprehensive product suite includes electronic health records, operational intelligence and work force automation solutions that serve over 1,300 clients across the U.K., Canada and other geographies. The company has a robust two-pronged growth strategy, targeting organic opportunities within its product suite and pursuing an aggressive merger-and-acquisition plan. Vitalhub is headquartered in Toronto with over 700 employees globally, across key regions and the Vitalhub Innovations Lab in Sri Lanka.

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