07:34 AM EDT, 06/19/2025 (MT Newswires) -- VitalHub ( VHIBF ) on Thursday said it completed the cash acquisition of Induction Healthcare Group by way of a court-sanctioned scheme of arrangement.

The company acquired Induction for 0.10 pounds in cash per share, valuing Induction at about 9.7 million pounds.

"We see the Induction product set, in particular the Zesty platform, as highly complementary to our current suite of solutions," said VitalHub ( VHIBF ) Chief Executive Dan Matlow. "We believe our expanded end-to-end offering will enhance the value to our healthcare partners, improving the end-user experience and patient outcomes."

Shares of the company closed down 0.8% to $10.98 on Wednesday on the Toronto Stock Exchange.