08:20 AM EDT, 07/30/2024 (MT Newswires) -- VitalHub Corp. ( VHIBF ) , which manages health system costs through its Clinical Decision Support (CDS) platform, on Tuesday signed a definitive agreement to acquire MedCurrent Corporation and its subsidiaries.

MedCurrent is a physician-founded CDS company, providing its solutions in over 80 customer installations in Canada, the United Kingdom, the United States of America, and Australia.

VitalHub ( VHIBF ) has agreed to acquire MedCurrent for total consideration of up to approximately C$34 million (assuming all earn-outs are achieved), including a cash payment of approximately $12 million on closing (which amount is subject to customary working capital adjustments and other similar closing adjustments), and additional earn-out consideration up to a maximum of approximately $21.875 million based on annual performance over 36 months.